2 / 3 Relevant items tagged with #Wazirx

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WazirX restores balances post-hack, withdrawal timeline unclear

[Aug 17 12:08 PM] The delay in withdrawals has impacted individual investors and raised concerns about the overall security and reliability of cryptocurrency exchanges.

Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic

[Aug 16 1:30 PM] Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis and urged users not to panic. Wazirx…

Wazirx Moves Funds to New Wallets After $230M Crypto Theft

[Aug 14 2:30 PM] Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems…

WazirX Ends Custody Relationship With Liminal, Is Moving Funds to New Multisig Wallets

[Aug 14 10:20 AM] Indian cryptocurrency exchange WazirX, which suffered a $230 million exploit in July, is ending its relationship with custody provider Liminal.

Wazirx Update: Trade Reversals Near Completion, 344 Bounty Entries Received

[Aug 13 1:30 PM] Indian crypto exchange Wazirx says it is close to completing the reversal of trades after the $230 million cyberattack. “We’re working with legal experts to help us formulate an effective method for enabling withdrawals,” the…

Wazirx to Reverse All Trades Made After Withdrawal Freeze

[Aug 10 2:20 PM] Indian crypto exchange Wazirx has decided to reverse all trades made after withdrawals were halted following the recent cyberattack. The exchange announced that this process will take place over the next few days, with all users’ portfolio…

WazirX to reverse trades after $235M crypto hack

[Aug 8 10:25 AM] WazirX, one of the largest crypto exchanges in India, lost $235 million to a multisig wallet security breach in July 2024.

Post WazirX Hack, India's CoinDCX Starts Investor Protection Fund With $6M

[Aug 6 11:30 PM] Indian crypto exchange CoinDCX's co-founder Sumit Gupta has told CoinDesk that his company has established an investor protection fund, saying that if other exchanges did this too "it would be better for the eco system."

Wazirx Announces FIR Filing Following Major Cyberattack

[Aug 6 4:16 PM] Indian crypto exchange Wazirx has updated users about the recent cyberattack, confirming the filing of a First Information Report (FIR) to address the hack. Cofounder Nischal Shetty emphasized that a police complaint was made the day after the…

WazirX Co-Founder Nischal Shetty Says All Options Are on the Table for Fund Recovery

[Jul 30 4:48 PM] Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges "are going to be crucial," as it remains open to "everything that is possible to help solve this situation."

Coindcx Urges Wazirx to Reconsider Passing 45% Losses to Customers

[Jul 30 3:07 AM] The CEO of Indian crypto exchange Coindcx has criticized Wazirx’s approach in response to a recent $230 million cyberattack. Urging Wazirx to take responsibility, he stressed: “Making customers directly absorb the 45% losses is utter…

Wazirx Says ‘Poll Is Not Final’ — Shares Additional Cyberattack Recovery Plan

[Jul 29 3:20 PM] Indian crypto exchange Wazirx has assured users that the poll conducted to gather input for reopening the platform following the recent major cyberattack is not final and “not legally binding upon the users or Wazirx.” Co-founder…

WazirX Surveys Users on Recovery Options After $230M Hack, Leaves Customers and Industry Players Fuming

[Jul 29 12:53 PM] Indian cryptocurrency exchange WazirX is facing industry and customer heat for its "Withdrawal Management Programme: Opinion Poll" in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month.

Wazirx Clarifies Recovery Options, Asset Valuation, and USDT Conversion After Cyberattack

[Jul 28 11:05 AM] Indian cryptocurrency exchange Wazirx has answered important questions from its users about the recent cyberattack. The platform explained its socialized loss strategy and the options users have to recover their assets. Additionally, users inquired…

Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack

[Jul 27 8:05 AM] Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible…

WazirX launches fair fund recovery plan post $230M hack

[Jul 27 4:31 AM] Drawing lessons from past incidents such as the Mt. Gox and Bitfinex hacks, WazirX aims to apply the best practices from these cases to ensure a fair and efficient resolution.

WazirX finds no evidence of compromised devices after preliminary investigation

[Jul 25 12:30 PM] The exchange received emails from Liminal with the correct destination addresses, implying that Liminal’s system was breached, WazirX claimed.

Wazirx Details Plan to Resume Withdrawals and Trading — Insists Signers’ Machines Show ‘No Evidence of Compromise’

[Jul 25 9:22 AM] Indian crypto exchange Wazirx has provided an update on its progress to enable users to withdraw funds and resume trading on its platform following a cyberattack that caused a loss of over $230 million. “Our preliminary investigation reveals…

The Protocol: Ethereum ETFs Aren't Blockchain, but Buyers Ape In

[Jul 24 10:43 AM] As Bitcoiners descend on Nashville for a big annual conference, we're covering robust demand for new Ethereum spot exchange-traded funds (ETFs) and recapping the $230 million WazirX hack.

Wazirx Prepares Poll for User Input on Resuming Withdrawals and Trading

[Jul 24 7:16 AM] Indian crypto exchange Wazirx is setting up a poll to let customers decide on reopening the platform for withdrawals, deposits, and trading. “Some options have emerged to help with the recovery which we’re exploring,” said Wazirx…

Wazirx Claims INR Funds Unaffected by Cyberattack, Platform Secure

[Jul 23 7:17 AM] Indian crypto exchange Wazirx has provided an update on the recent cyberattack resulting in the theft of over $230 million. Wazirx co-founder Nischal Shetty stated that the exchange is exploring various strategies to restore platform deposits…

Wazirx: Withdrawals and Trading Paused for All Users, Over 80 Bounty Intents Received Within 24 Hours

[Jul 22 8:16 AM] Indian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multisig wallet, resulting in the theft of over $230 million. The exchange has paused deposits, withdrawals, and trading, and…

Wazirx Offers $23M Bounty to Recover Stolen Assets After Massive Security Breach

[Jul 21 8:40 AM] Indian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and…

Wazirx Prepares Bounty Program to Recover $230 Million Stolen in Security Breach

[Jul 20 10:30 AM] Wazirx co-founder Nischal Shetty has updated the public on the $230 million security breach affecting the Indian crypto exchange. The Wazirx team is preparing a bounty program, engaging with expert teams to trace the stolen funds, and collaborating…

WazirX launches bounty program to recover stolen assets

[Jul 20 5:05 AM] The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform.

Liminal blames compromised WazirX devices for hack, claims UI not responsible

[Jul 19 12:10 PM] Compromised WazirX devices provided “legit transaction details” to Liminal’s network, allowing the attacker to drain the exchange’s funds, the MPC provider claimed.

WazirX, Liminal Custody Blame Each Other as $230M Crypto Exploit Leaves Customers Stranded

[Jul 19 8:36 AM] The dispute centers around multisig wallets.

Wazirx Takes Legal Action After $230 Million Cyberattack — Liminal Insists Platform Secure

[Jul 19 7:16 AM] Indian crypto exchange Wazirx has filed a police complaint and is pursuing legal action after a cyberattack led to a loss of over $230 million. The exchange is collaborating with global partners and authorities to trace and recover the stolen…

WazirX Files Police Complaint After $230M Hack, Engages With India's Cyber Crimes Unit

[Jul 19 7:03 AM] Indian crypto exchange WazirX has filed a police complaint, it said on X, and it has also reported the incident to the Indian Computer Emergency Response Team (CERT-In).

WazirX hacker funnels $149M of SHIB, MATIC other altcoins into ETH

[Jul 18 11:11 PM] Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.