WazirX to resume phased fiat withdrawals after cyberattack.
India-based crypto exchange WazirX announced that it will begin a phased resumption of fiat currency withdrawals on Aug. 26, following a month-long suspension due to a cyberattack, according to an Aug. 23 press release.
Due to ongoing disputes, and certain investigations by various law enforcement agencies (“LEAs”) which is assisting with (and it is not a target of such investigations), ~34% of INR balances are currently frozen and are not immediately available for withdrawal.
As a result, starting from 26 August 2024 (next Monday), all eligible users with INR balances will be able to withdraw up to ~66% of their INR balances as reflected on the WazirX platform in phases:
From 26 August – 8 September 2024, users will be able to withdraw up to half of the present ~66% limit of their INR balances; and from 9 – 22 September 2024, users will be able to withdraw up to the full ~66% limit of their INR balances.
#wazirX #bitcoin☀️ #CryptoMarketMoves #MtGoxRepayments #BinanceSquareFamily
