India's WazirX cryptocurrency exchange has outlined a plan to resume withdrawals after a $234 million hack. Withdrawals in Indian rupees will be gradually reinstated from Aug. 26, with a 66% limit initially set. Users can withdraw half of their funds until Sept. 8, and the rest until Sept. 22. However, withdrawals of crypto balances are delayed due to insufficient token assets post-cyberattack. The hack compromised $234 million in Ethereum from WazirX's Safe Multisig wallet. 34% of INR balances are frozen for ongoing investigations, causing legal issues with crypto withdrawals. WazirX reassures users that their funds are secure and will be available once investigations conclude. The exchange's troubles are part of a larger crackdown on crypto exchanges in India for alleged illegal operations and AML violations. OKX has already ceased operations in India in response to compliance notices. Read more AI-generated news on: https://app.chaingpt.org/news