WazirXIndia
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WAZIRAX WITHDRAWAL WILL START FROM 26th UGUST 2026 only 66% INR...
WazirX to Phase in Indian Rupee Withdrawals Starting Aug. 26
Indian crypto exchange WazirX said it will end the suspension of rupee withdrawals starting on Aug. 26.
The withdrawals ban was put in place after last month's $230 million exploit.
Users will be able to take out up to 66% of their funds in two phases.
WazirX, the Indian crypto exchange that lost $230 million to a hack in July, said it will start allowing limited rupee withdrawals after freezing them in the wake of the exploit.
Withdrawals of up to 66% of users' rupee balances will be phased in over the next month, starting Monday, it said in a Friday statement. From Aug. 26 to Sept. 8, users will be allowed to withdraw up to half of that limit, with the remainder available between Sept. 9 and Sept. 22.
WazirX said the operating entity for its rupee-related activities, Zanmai Labs, was not affected by the attack and had sufficient reserves to cover the balances. It had to keep the remaining 34% of funds back, however, because of investigations by law-enforcement agencies, the company said. The timeline for the release of those frozen balances is unclear, it said.$WRX
#WazirXIndia #WRXUSDT #IndianCryptoCommunity #BinanceLaunchpoolDOGS #BlackRockETHOptions $BTC $ETH
WazirX to Phase in Indian Rupee Withdrawals Starting Aug. 26
Indian crypto exchange WazirX said it will end the suspension of rupee withdrawals starting on Aug. 26.
The withdrawals ban was put in place after last month's $230 million exploit.
Users will be able to take out up to 66% of their funds in two phases.
WazirX, the Indian crypto exchange that lost $230 million to a hack in July, said it will start allowing limited rupee withdrawals after freezing them in the wake of the exploit.
Withdrawals of up to 66% of users' rupee balances will be phased in over the next month, starting Monday, it said in a Friday statement. From Aug. 26 to Sept. 8, users will be allowed to withdraw up to half of that limit, with the remainder available between Sept. 9 and Sept. 22.
WazirX said the operating entity for its rupee-related activities, Zanmai Labs, was not affected by the attack and had sufficient reserves to cover the balances. It had to keep the remaining 34% of funds back, however, because of investigations by law-enforcement agencies, the company said. The timeline for the release of those frozen balances is unclear, it said.$WRX
#WazirXIndia #WRXUSDT #IndianCryptoCommunity #BinanceLaunchpoolDOGS #BlackRockETHOptions $BTC $ETH
Embattled Indian exchange WazirX has announced the reopening of Indian Rupee (INR) withdrawals a few weeks after it lost $230 million in a cyberattack.
The crypto exchange plans to allow users with INR balances to withdraw 66% of their assets for now, but 34% remain frozen due to ongoing disputes and investigations by law enforcement agencies.
The exchange disclosed that users can withdraw half of the available 66% from August 26, 2024, to September 8, 2024. The other half would be available for withdrawal between September 9 and September 22, 2024. It did not specify when or whether the 34% balance would be available.
WazirX crypto holders get the short end of the stick
The exchange can distribute Indian rupees because its operating entity, Zanmai Labs, held the INR balance and was unaffected by the hack. However, customers with cryptocurrency balances are in a worse position due to the cyberattack, as the exchange lost most of its ERC-20 tokens.
This means the exchange balance is insufficient to cover the customer’s assets, making it impossible to resume crypto withdrawals.
$WRX #wazirX #WazirXIndia #IndianCryptoCommunity #CryptoNewss #IndiaCryptoDreams
The crypto exchange plans to allow users with INR balances to withdraw 66% of their assets for now, but 34% remain frozen due to ongoing disputes and investigations by law enforcement agencies.
The exchange disclosed that users can withdraw half of the available 66% from August 26, 2024, to September 8, 2024. The other half would be available for withdrawal between September 9 and September 22, 2024. It did not specify when or whether the 34% balance would be available.
WazirX crypto holders get the short end of the stick
The exchange can distribute Indian rupees because its operating entity, Zanmai Labs, held the INR balance and was unaffected by the hack. However, customers with cryptocurrency balances are in a worse position due to the cyberattack, as the exchange lost most of its ERC-20 tokens.
This means the exchange balance is insufficient to cover the customer’s assets, making it impossible to resume crypto withdrawals.
$WRX #wazirX #WazirXIndia #IndianCryptoCommunity #CryptoNewss #IndiaCryptoDreams
WazirX Resumes Rupee Withdrawals After $230 Million Security Breach
TL;DR:
- Indian cryptocurrency exchange WazirX will resume Indian rupee withdrawals on August 26 after a temporary suspension due to a security breach that resulted in a loss of around $230 million.
- The exchange is enhancing security measures and aims to rebuild trust among its users while ensuring a safer trading environment.
Indian cryptocurrency exchange WazirX has announced the resumption of Indian rupee withdrawals starting August 26. This decision follows a temporary suspension due to a significant security breach that led to a loss of approximately $230 million. In an effort to restore confidence, WazirX is implementing enhanced security measures and improving transparency in its operations.#BinanceHODLerBANANA #LowestCPI2021 #WazirXIndia #BinanceBlockchainWeek #CryptoMarketMoves $BTC $BNB $USDC
TL;DR:
- Indian cryptocurrency exchange WazirX will resume Indian rupee withdrawals on August 26 after a temporary suspension due to a security breach that resulted in a loss of around $230 million.
- The exchange is enhancing security measures and aims to rebuild trust among its users while ensuring a safer trading environment.
Indian cryptocurrency exchange WazirX has announced the resumption of Indian rupee withdrawals starting August 26. This decision follows a temporary suspension due to a significant security breach that led to a loss of approximately $230 million. In an effort to restore confidence, WazirX is implementing enhanced security measures and improving transparency in its operations.#BinanceHODLerBANANA #LowestCPI2021 #WazirXIndia #BinanceBlockchainWeek #CryptoMarketMoves $BTC $BNB $USDC
Day 15 #wazirxhack #wazirx
Open Withdrawals Immediately.
Wazirx wanted to know the community feedback. The unanimous customer voice I am seeing on Twitter especially on their exchange handle is to open withdrawals for 55% of the crypto tokens and 100% of INR withdrawals.
It is almost two weeks since the hack. Everyone understands why withdrawals were disabled on 18th July. There was a breach and it is a rational response to close all the systems and do a thorough audit. Wazirx had finished that audit last week and announced their platform is safe and that only the external systems got breached. And 45% of the customer assets were lost.
There is no reason why withdrawals are still disabled after 15days. If crypto prices crash by 30% tomorrow, customers will not even get the 55% that is with Wazirx. Crypto is a 24/7 volatile market. As exchanges we don’t even close on Sundays or Midnight. To not allow access to the available assets is a crime. Many users might have urgent needs.
It is completely understandable you are working in parallel on the recovery to reduce the 45% gap. This is going to take time and the recovery may be in parts.
But these polls, feedback forms are delaying the customer access to their funds. They are saying they want to do the will of the community but they are ignoring the number 1 request. OPEN YOUR WITHDRAWALS FOR THE 55% of ASSET BALANCE.
#wazirX #WazirXHack #WazirXIndia
Open Withdrawals Immediately.
Wazirx wanted to know the community feedback. The unanimous customer voice I am seeing on Twitter especially on their exchange handle is to open withdrawals for 55% of the crypto tokens and 100% of INR withdrawals.
It is almost two weeks since the hack. Everyone understands why withdrawals were disabled on 18th July. There was a breach and it is a rational response to close all the systems and do a thorough audit. Wazirx had finished that audit last week and announced their platform is safe and that only the external systems got breached. And 45% of the customer assets were lost.
There is no reason why withdrawals are still disabled after 15days. If crypto prices crash by 30% tomorrow, customers will not even get the 55% that is with Wazirx. Crypto is a 24/7 volatile market. As exchanges we don’t even close on Sundays or Midnight. To not allow access to the available assets is a crime. Many users might have urgent needs.
It is completely understandable you are working in parallel on the recovery to reduce the 45% gap. This is going to take time and the recovery may be in parts.
But these polls, feedback forms are delaying the customer access to their funds. They are saying they want to do the will of the community but they are ignoring the number 1 request. OPEN YOUR WITHDRAWALS FOR THE 55% of ASSET BALANCE.
#wazirX #WazirXHack #WazirXIndia
WAZIRX WITHDRAWAL UPDATE 📌
Summary 📝
You will get only 66% of your INR as of now 📌 that too in 2 phases
1st phase : 26th August to 8 September ( up to half of your 66% )
2nd phase : 9 ~ 22 September
( You will be able to withdraw all your 66% limit )
The remaining 34% will be available once on-going disputes are resolved
Example:*
If you have ₹10,000 on WazirX, you can withdraw ₹3,300 by September 8th, and another ₹3,300 between September 9th and September 22nd.
#wazirX #WazirXIndia
Summary 📝
You will get only 66% of your INR as of now 📌 that too in 2 phases
1st phase : 26th August to 8 September ( up to half of your 66% )
2nd phase : 9 ~ 22 September
( You will be able to withdraw all your 66% limit )
The remaining 34% will be available once on-going disputes are resolved
Example:*
If you have ₹10,000 on WazirX, you can withdraw ₹3,300 by September 8th, and another ₹3,300 between September 9th and September 22nd.
#wazirX #WazirXIndia
Wazirx Hack Update :
👋 tribe! Here's an update on what we're actively working on:
» We are nearing the completion of restoring the balances for trades that happened between 18 and 21 July. This will undo all trades carried out on the WazirX platform following the stoppage of withdrawals on 18 July 2024, at 1 PM IST.
» We're working with legal experts to help us formulate an effective method for enabling withdrawals.
» For our Bounty Program, we've received entries from 344 bounty hunters, including security professionals and ethical hackers, who are actively pursuing the trail of the stolen funds.
» We are in touch with multiple partners to explore all possible solutions to mitigate the financial impact of the cyberattack. Currently, we are in discussions with seven partners and making steady progress.
Thank you for your continued patience and support 🙏
This Is Official Message From Wazirx Team.
#WazirXHack #WazirXIndia #WazirXHacked #wazirX #wazirX
👋 tribe! Here's an update on what we're actively working on:
» We are nearing the completion of restoring the balances for trades that happened between 18 and 21 July. This will undo all trades carried out on the WazirX platform following the stoppage of withdrawals on 18 July 2024, at 1 PM IST.
» We're working with legal experts to help us formulate an effective method for enabling withdrawals.
» For our Bounty Program, we've received entries from 344 bounty hunters, including security professionals and ethical hackers, who are actively pursuing the trail of the stolen funds.
» We are in touch with multiple partners to explore all possible solutions to mitigate the financial impact of the cyberattack. Currently, we are in discussions with seven partners and making steady progress.
Thank you for your continued patience and support 🙏
This Is Official Message From Wazirx Team.
#WazirXHack #WazirXIndia #WazirXHacked #wazirX #wazirX
WAZIRX SHARING BLAMES INSTEAD OF
USER REFUNDS🚨‼️
Nischal the founder of WazirX has said Liminal chose to blame WazirX for the hack without any proof.
So In order to find out whose fault it is, WazirX brought Mandiant, a Google subsidiary, to investigate & analyze all three laptops that were involved during the signing process.
Apparently, there has been NO compromise on WazirX side.
Still, this does not explain what will happen to funds of Users.
#WazirXIndia brought forward a refund withdrawal system yet, nothing has been done.
People are tired of stories, They need their money back!
#wazirxindia #WazirXHack
USER REFUNDS🚨‼️
Nischal the founder of WazirX has said Liminal chose to blame WazirX for the hack without any proof.
So In order to find out whose fault it is, WazirX brought Mandiant, a Google subsidiary, to investigate & analyze all three laptops that were involved during the signing process.
Apparently, there has been NO compromise on WazirX side.
Still, this does not explain what will happen to funds of Users.
#WazirXIndia brought forward a refund withdrawal system yet, nothing has been done.
People are tired of stories, They need their money back!
#wazirxindia #WazirXHack
Indian crypto exchange has been hacked 2 days back, wazirX the crypto price is sinking, keep an eye as soon as it gets resolved it will rise up a bit for sure. Good oppurtunity to make some fast gains. #WAZRIX #WazirXIndia #WazirXHack #india_crypto #IndiaCryptoBan $WRX
My heart goes out to everyone affected by #WazirX hack 🥺🥺🥺
It's really sad to see that our people lost their hard-earned money.
But what's even worse is that nobody is taking responsibility for the hack.
WazirX is blaming Liminal for this hack.
Liminal is blaming WazirX for this hack.
Indian crypto users are already suffering a lot because of the regulations, 30% tax, and 1% TDS.
These things are making it very difficult for them to even survive in the crypto world.
It's time for the affected entities to come forward together, take responsibility, and focus on getting back the user funds.
If it's not taken seriously, this will take the crypto space backwards in India.
#WazirXhacked #WazirXIndia #crypto #BinanceHODLerBANANA #ETH_ETF_Approval_23July
It's really sad to see that our people lost their hard-earned money.
But what's even worse is that nobody is taking responsibility for the hack.
WazirX is blaming Liminal for this hack.
Liminal is blaming WazirX for this hack.
Indian crypto users are already suffering a lot because of the regulations, 30% tax, and 1% TDS.
These things are making it very difficult for them to even survive in the crypto world.
It's time for the affected entities to come forward together, take responsibility, and focus on getting back the user funds.
If it's not taken seriously, this will take the crypto space backwards in India.
#WazirXhacked #WazirXIndia #crypto #BinanceHODLerBANANA #ETH_ETF_Approval_23July
LIVEBit_boy
--
🚨🚨𝐓𝐨𝐝𝐚𝐲'𝐬 𝐖𝐚𝐳𝐢𝐫𝐗 𝐡𝐚𝐜𝐤 𝐢𝐬 𝐦𝐮𝐜𝐡 𝐰𝐨𝐫𝐬𝐞 𝐭𝐡𝐚𝐧 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤.🚨🚨
It was reported that WazirX had been hacked for $𝟐𝟑𝟎𝐌+ 𝐨𝐫 ₹𝟐𝟎,𝟐𝟒,𝟎𝟎,𝟎𝟎,𝟎𝟎𝟎
Given that WazirX is one of the top 🇮🇳Indian exchanges, its hack will have a negative impact on #crypto regulation.
The regulators will now clamp down on the crypto industry even harder, which could make it difficult for Indian traders.
𝐵𝑢𝑡 𝑡ℎ𝑒𝑟𝑒 𝑎𝑟𝑒 𝑎 𝑓𝑒𝑤 𝑙𝑒𝑠𝑠𝑜𝑛𝑠 𝑡𝑜𝑜.
1️⃣ No exchange is safe, no matter how big they are, so avoid keeping your long-term funds on exchanges.
2️⃣ FIU compliance doesn't guarantee security.
3️⃣ Indian exchanges are still way behind foreign exchanges in terms of security, liquidity, and trust.
Right now, the withdrawals have been suspended on #WazirX
I'm hoping that the team will come up with a solution to return customers money.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7
Given that WazirX is one of the top 🇮🇳Indian exchanges, its hack will have a negative impact on #crypto regulation.
The regulators will now clamp down on the crypto industry even harder, which could make it difficult for Indian traders.
𝐵𝑢𝑡 𝑡ℎ𝑒𝑟𝑒 𝑎𝑟𝑒 𝑎 𝑓𝑒𝑤 𝑙𝑒𝑠𝑠𝑜𝑛𝑠 𝑡𝑜𝑜.
1️⃣ No exchange is safe, no matter how big they are, so avoid keeping your long-term funds on exchanges.
2️⃣ FIU compliance doesn't guarantee security.
3️⃣ Indian exchanges are still way behind foreign exchanges in terms of security, liquidity, and trust.
Right now, the withdrawals have been suspended on #WazirX
I'm hoping that the team will come up with a solution to return customers money.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7
#SHIB #WazirX
SHIB is officially a stolen token at #WazirXIndia . If you lose all your SHIB from the hack , they will give you this option below
👇
I am sorry that the Shibarmy in India is experiencing this . I dont agree with their solution at all but if you get the 55% portion then you are free to consider moving it to SHIB again
SHIB is officially a stolen token at #WazirXIndia . If you lose all your SHIB from the hack , they will give you this option below
👇
I am sorry that the Shibarmy in India is experiencing this . I dont agree with their solution at all but if you get the 55% portion then you are free to consider moving it to SHIB again
BREAKING NEWS 🚨🚨🚨
- WazirX increases white hat recovery reward to $23 million after $230 million hack
- Seeks help from cybersecurity experts and blockchain analysts to identify and prosecute perpetrators
- Hack not caused by phishing attack, according to WazirX founder Nischal Shetty
- External forensic audit underway
- WazirX files police report and contacts other exchanges to block identified addresses
- Security review and forensic data assessment being conducted to address security issues and return to normal operations
#WazirXIndia #wazirX #Write2Earn! #BreakingCryptoNews #Bitcoin_Coneference_2024
- WazirX increases white hat recovery reward to $23 million after $230 million hack
- Seeks help from cybersecurity experts and blockchain analysts to identify and prosecute perpetrators
- Hack not caused by phishing attack, according to WazirX founder Nischal Shetty
- External forensic audit underway
- WazirX files police report and contacts other exchanges to block identified addresses
- Security review and forensic data assessment being conducted to address security issues and return to normal operations
#WazirXIndia #wazirX #Write2Earn! #BreakingCryptoNews #Bitcoin_Coneference_2024
It's been almost a month now since the BIGGEST CRYPTO HACK in 🇮🇳India's #Web3 history !
Many 🇮🇳users are now suspecting whether the #wazirX Hack was an insider job or a SCAM⚠️
What do you think?🤔
HACK 👍
SCAM 👎
#wazirX #WazirXIndia #CryptoMarketMoves #WBTCUnderScrutiny
Many 🇮🇳users are now suspecting whether the #wazirX Hack was an insider job or a SCAM⚠️
What do you think?🤔
HACK 👍
SCAM 👎
#wazirX #WazirXIndia #CryptoMarketMoves #WBTCUnderScrutiny
Current Status of Hacked #Wazirx User Funds.
Hacker have been able to successfully convert most of the stolen crypto to $206 Million worth of ETH.
$5.6 Million worth of Crypto is still remaining.
Hacker currently holds stolen Crypto in 3 Wallets
Wallet 1 Holds Approx. $153.5 Million worth of ETH
Wallet 2 Holds Approx. $53.5 Million worth of ETH
Wallet 3 Holds Approx. $5.6 Million worth of Crypto.
#WazirXIndia #WazirXHacked
Hacker have been able to successfully convert most of the stolen crypto to $206 Million worth of ETH.
$5.6 Million worth of Crypto is still remaining.
Hacker currently holds stolen Crypto in 3 Wallets
Wallet 1 Holds Approx. $153.5 Million worth of ETH
Wallet 2 Holds Approx. $53.5 Million worth of ETH
Wallet 3 Holds Approx. $5.6 Million worth of Crypto.
#WazirXIndia #WazirXHacked
Wazirx Say
Projects linked to the stolen tokens are being actively contacted to seek their support in the recovery process. Simultaneously, efforts are underway to enable withdrawals and determine the best way to restart deposits and trading on the platform.
#wazirX
#WazirXIndia
#WazirXHack
Projects linked to the stolen tokens are being actively contacted to seek their support in the recovery process. Simultaneously, efforts are underway to enable withdrawals and determine the best way to restart deposits and trading on the platform.
#wazirX
#WazirXIndia
#WazirXHack
Crypto Cyber Theft: कैसे 2000 करोड़ रुपये की क्रिप्टो करेंसी हुई चोरी? देखिए Cyber Loot की पूरी कहानी.
#wazirX #WazirXHack #WRX #WazirXHack #WazirXIndia
#wazirX #WazirXHack #WRX #WazirXHack #WazirXIndia
WazirX Launches $23 Million Bounty Program to Recover Stolen Crypto Assets
WazirX has announced an ambitious $23 million bounty program to recover assets stolen during a recent cyberattack. This drive, envisioned by co-founder Nischal Shetty, aims to mobilize communities worldwide for monitoring, freezing, and, in the end, recovering stolen money.
Reportedly, the attack was rather specific, aimed at one of the WazirX multisig wallets, and caused the loss of $230 million. In response to this increased threat, WazirX has developed the bounty program into two segments optimized for asset recovery.
The first component, "Track & Freeze," provides bonuses of up to $10,000 worth of USDT for giving information to freeze the stolen funds. This incentive is precisely positioned to motivate those who have essential information to report to the authorities, enabling the responsible agencies to freeze the funds.
The second component, referred to as "White Hat Recovery," is particularly notable for providing a 10% reward of the recovered amount, up to a staggering $23 million, for ethical hackers and cybersecurity experts who play a pivotal role in the recovery process. Such a massive reward also underlines WazirX's sound commitment to the involvement of the white hat specialists in tackling the breach effectively and helping recover the stolen value.
Global Community Involvement and Strategic Measures
Nischal Shetty highlighted the global community's significant need for this elaborate restoration exercise, declaring on social network X that the bounty program is intended to elicit worldwide participation. Furthermore, the company that has contributed significantly to the security of WazirX has also highlighted that its platform was not breached during the attack, with Liminal pointing out that it was not hacked. They got hold of the transactions, and their forensic report indicates they came from infected computers within the firm.
Besides initiating the bounty program, WazirX has adopted several measures to meet the breach: The exchange has made a comprehensive police complaint through legal authorities and reported the matter to FIU and CERT-In of India. In addition, WazirX has taken the initiative of engaging over 500 exchanges to prevent the culprits behind the heist from selling or transferring the identified addresses linked to the stolen funds.
This bounty program covers all the forms of bounty in total, and it is planned to last for the first three months starting from the day the announcement is made. Still, WazirX may prolong or shorten this time as needed due to the circumstances and the program's efficiency. Besides recovering the stolen assets, WazirX wants to make a point for the whole crypto community and solicit the help of the community and ethical hackers while encouraging moral values.
Ultimately, WazirX's $23 million bounty program represents a significant and multifaceted approach to addressing and recovering from a major cyberattack. The widespread coverage of the initiative within the global audience, along with targeted cooperation with cybersecurity specialists, demonstrates the exchange's constant dedication to protecting its users and the rest of the cryptocurrency community from the threats thrown at them while simultaneously working to build the stability and security of the digital financial system.
The post "WazirX Launches $23 Million Bounty Program to Recover Stolen Crypto Assets" first appeared on 36crypto.com News.
#WazirXHacked #Biden_Out_BTC_Up #ETH_ETFs_Approval_Predictions #WazirXIndia
Reportedly, the attack was rather specific, aimed at one of the WazirX multisig wallets, and caused the loss of $230 million. In response to this increased threat, WazirX has developed the bounty program into two segments optimized for asset recovery.
The first component, "Track & Freeze," provides bonuses of up to $10,000 worth of USDT for giving information to freeze the stolen funds. This incentive is precisely positioned to motivate those who have essential information to report to the authorities, enabling the responsible agencies to freeze the funds.
The second component, referred to as "White Hat Recovery," is particularly notable for providing a 10% reward of the recovered amount, up to a staggering $23 million, for ethical hackers and cybersecurity experts who play a pivotal role in the recovery process. Such a massive reward also underlines WazirX's sound commitment to the involvement of the white hat specialists in tackling the breach effectively and helping recover the stolen value.
Global Community Involvement and Strategic Measures
Nischal Shetty highlighted the global community's significant need for this elaborate restoration exercise, declaring on social network X that the bounty program is intended to elicit worldwide participation. Furthermore, the company that has contributed significantly to the security of WazirX has also highlighted that its platform was not breached during the attack, with Liminal pointing out that it was not hacked. They got hold of the transactions, and their forensic report indicates they came from infected computers within the firm.
Besides initiating the bounty program, WazirX has adopted several measures to meet the breach: The exchange has made a comprehensive police complaint through legal authorities and reported the matter to FIU and CERT-In of India. In addition, WazirX has taken the initiative of engaging over 500 exchanges to prevent the culprits behind the heist from selling or transferring the identified addresses linked to the stolen funds.
This bounty program covers all the forms of bounty in total, and it is planned to last for the first three months starting from the day the announcement is made. Still, WazirX may prolong or shorten this time as needed due to the circumstances and the program's efficiency. Besides recovering the stolen assets, WazirX wants to make a point for the whole crypto community and solicit the help of the community and ethical hackers while encouraging moral values.
Ultimately, WazirX's $23 million bounty program represents a significant and multifaceted approach to addressing and recovering from a major cyberattack. The widespread coverage of the initiative within the global audience, along with targeted cooperation with cybersecurity specialists, demonstrates the exchange's constant dedication to protecting its users and the rest of the cryptocurrency community from the threats thrown at them while simultaneously working to build the stability and security of the digital financial system.
The post "WazirX Launches $23 Million Bounty Program to Recover Stolen Crypto Assets" first appeared on 36crypto.com News.
#WazirXHacked #Biden_Out_BTC_Up #ETH_ETFs_Approval_Predictions #WazirXIndia
#BinaceSquareCreatorAward
WazirX, one of India's largest cryptocurrency exchanges, announced that it will begin phasing in Indian Rupee (INR) withdrawals starting on August 26, 2024. This move comes after a prolonged period of uncertainty due to regulatory challenges and banking restrictions in India. The phased approach will allow users to gradually withdraw their INR funds from the platform, ensuring a smooth and secure process.
WazirX's decision to reintroduce INR withdrawals is seen as a positive step for the Indian crypto community, which has faced numerous hurdles due to the lack of clear regulatory guidelines. The exchange has assured users that all necessary measures are in place to facilitate a seamless withdrawal experience. WazirX has also urged users to keep an eye on updates and follow the prescribed procedures for withdrawals to avoid any delays.
This development marks a significant shift in the Indian crypto landscape, potentially restoring confidence among traders and investors. As WazirX moves forward with this plan, the Indian crypto market may witness renewed activity, driven by the ease of accessing INR funds directly from the exchange.#wazirX #WazirXIndia #CryptoDecision #CryptoNewsCommunity
WazirX, one of India's largest cryptocurrency exchanges, announced that it will begin phasing in Indian Rupee (INR) withdrawals starting on August 26, 2024. This move comes after a prolonged period of uncertainty due to regulatory challenges and banking restrictions in India. The phased approach will allow users to gradually withdraw their INR funds from the platform, ensuring a smooth and secure process.
WazirX's decision to reintroduce INR withdrawals is seen as a positive step for the Indian crypto community, which has faced numerous hurdles due to the lack of clear regulatory guidelines. The exchange has assured users that all necessary measures are in place to facilitate a seamless withdrawal experience. WazirX has also urged users to keep an eye on updates and follow the prescribed procedures for withdrawals to avoid any delays.
This development marks a significant shift in the Indian crypto landscape, potentially restoring confidence among traders and investors. As WazirX moves forward with this plan, the Indian crypto market may witness renewed activity, driven by the ease of accessing INR funds directly from the exchange.#wazirX #WazirXIndia #CryptoDecision #CryptoNewsCommunity
WazirX offered a total bounty of $23 million to recover the assets.
Do you think it will help #wazirX recover the funds?
#WazirXIndia #WazirXHack
Do you think it will help #wazirX recover the funds?
#WazirXIndia #WazirXHack
Indian cryptocurrency exchange #WazirX is facing serious trouble. The Enforcement Directorate (ED) of India is investigating the company for alleged fraud. As a result, WazirX’s assets might be frozen.
The investigation started after suspicions of money laundering and other illegal activities. If the allegations are proven, it could lead to significant legal consequences for WazirX.
#India #WazirXIndia #WazirXHack #TrendingTopic
The investigation started after suspicions of money laundering and other illegal activities. If the allegations are proven, it could lead to significant legal consequences for WazirX.
#India #WazirXIndia #WazirXHack #TrendingTopic
⚠️ July Crypto Hacks Reach $266M, WazirX Takes Biggest Hit
🌐 July saw $266 million stolen from the crypto ecosystem through 16 separate attacks. The Indian exchange WazirX suffered the largest loss, with North Korean hackers reportedly stealing over $230 million (86.4% of the total). Other significant victims included Compound Finance ($24M), Li.Fi protocol ($10M), and Bittensor and Rho Markets ($8M each).
❗️Centralized finance (CeFi) entities remain the primary targets for hackers, though attacks on smart contract-based projects are also increasing. Many hackers used Tornado Cash to obscure their tracks after the thefts.
These hacks underscore the persistent security challenges in the crypto space. It's crucial to stay informed about security best practices and remain cautious when interacting with both centralized and decentralized platforms. Always prioritize the safety of your digital assets.
#wazirX #HackerNews #WazirXIndia #WazirXHacked $BTC
🌐 July saw $266 million stolen from the crypto ecosystem through 16 separate attacks. The Indian exchange WazirX suffered the largest loss, with North Korean hackers reportedly stealing over $230 million (86.4% of the total). Other significant victims included Compound Finance ($24M), Li.Fi protocol ($10M), and Bittensor and Rho Markets ($8M each).
❗️Centralized finance (CeFi) entities remain the primary targets for hackers, though attacks on smart contract-based projects are also increasing. Many hackers used Tornado Cash to obscure their tracks after the thefts.
These hacks underscore the persistent security challenges in the crypto space. It's crucial to stay informed about security best practices and remain cautious when interacting with both centralized and decentralized platforms. Always prioritize the safety of your digital assets.
#wazirX #HackerNews #WazirXIndia #WazirXHacked $BTC
