WazirX has resumed operations after a recent maintenance exercise.
The exchange has undone all trades made on its platform after the July 18 hack.
Users are eager to know when WazirX will resume withdrawals.
India-based cryptocurrency exchange WazirX has resumed operations after undergoing maintenance lasting less than 24 hours. In an update on X, the exchange told users it had completed the “scheduled maintenance.” WazirX also informed its users that it had undone all trades made on its platform after the withdrawal stoppage at 1 pm IST on July 18.
Scheduled maintenance is now completed. Account balances have been restored, and all trades made on the WazirX platform after the withdrawal stoppage at 1 PM IST on 18th July 2024 have been undone.Thank you for your continued patience and support. 🙏 https://t.co/4kRskf7hsu
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) August 15, 2024
On August 15, WazirX informed users of planned maintenance between 6 pm IST of the same day and 2 am IST of the following day. According to the announcement, the maintenance aimed to restore the balances of all accounts and undo all trades made on the platform after the suspension of withdrawals at 1 pm IST on July 18.
However, WazirX appears not to have fully resumed operations despite announcing the completion of scheduled maintenance. Several users responding to the maintenance completion announcement inquired about the reactivation of INR withdrawals. Their questions suggest withdrawals remain inactive on the platform.
Recall that WazirX halted withdrawals from its platform on July 18 after suffering an exploit. Analysts described the infamous WazirX hack as one of the most significant exploits on an Indian crypto exchange, as the hackers stole over $230 million of users’ funds.
The crypto exchange took swift action after the exploit, halting further withdrawals. Nearly one month into the incident and users still could access their funds. However, the recent announcement by WazirX suggests the crypto exchange is making progress towards resuming normal operations.
Notably, as indicated by the questions raised by respondents, WazirX did not provide updates concerning the resumption of funds withdrawal. There was no mention of such in the original announcement, nor did the exchange respond to users’ questions about it at the time of writing.
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