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🚨 Important update for wazix user 🚨
WazirX Update : Cryptocurrency Balances:
Withdrawal Suspension: Users have not been able to withdraw cryptocurrency due to the cyberattack.
Token Deficit: Significant ERC-20 tokens were stolen, creating a shortfall in available assets to cover liabilities.
Legal Solution: WazirX will pursue a Singapore Scheme of Arrangement to ensure equitable distribution of assets. Users will vote on the restructuring proposal.
INR Balances:
Resumption of Withdrawals: INR withdrawals will resume on 26 August 2024 in phases.
Fee Reduction: Withdrawal fees will be reduced from INR 25 to INR 10.
Frozen Balances: 34% of INR balances are frozen due to ongoing investigations, so only 66% of balances will be available for withdrawal.Phase 1 (26 Aug – 8 Sep 2024): Users can withdraw up to half of the available 66%.
Phase 2 (9 – 22 Sep 2024): Users can withdraw up to the full 66%.
Assurance: Zanmai Labs, responsible for INR-related activities, has sufficient reserves to cover all balances, and it is not a target of the investigations.
Next Steps:
Legal Proceedings: An application will be filed in the High Court of Singapore for the restructuring process.
Updates: Further updates will be provided to users as the situation develops.
FAQs Highlights:
Singapore Scheme of Arrangement: A legal process under Singapore law allowing companies to restructure debts with creditor approval.
Cryptocurrency vs. INR Balances: Cryptocurrency balances are being restructured due to the shortfall, while INR balances are mostly secure but partly frozen.
INR Withdrawals: Users will gradually regain access to their INR balances, with the full release dependent on the conclusion of investigations
WazirX Update : Cryptocurrency Balances:
Withdrawal Suspension: Users have not been able to withdraw cryptocurrency due to the cyberattack.
Token Deficit: Significant ERC-20 tokens were stolen, creating a shortfall in available assets to cover liabilities.
Legal Solution: WazirX will pursue a Singapore Scheme of Arrangement to ensure equitable distribution of assets. Users will vote on the restructuring proposal.
INR Balances:
Resumption of Withdrawals: INR withdrawals will resume on 26 August 2024 in phases.
Fee Reduction: Withdrawal fees will be reduced from INR 25 to INR 10.
Frozen Balances: 34% of INR balances are frozen due to ongoing investigations, so only 66% of balances will be available for withdrawal.Phase 1 (26 Aug – 8 Sep 2024): Users can withdraw up to half of the available 66%.
Phase 2 (9 – 22 Sep 2024): Users can withdraw up to the full 66%.
Assurance: Zanmai Labs, responsible for INR-related activities, has sufficient reserves to cover all balances, and it is not a target of the investigations.
Next Steps:
Legal Proceedings: An application will be filed in the High Court of Singapore for the restructuring process.
Updates: Further updates will be provided to users as the situation develops.
FAQs Highlights:
Singapore Scheme of Arrangement: A legal process under Singapore law allowing companies to restructure debts with creditor approval.
Cryptocurrency vs. INR Balances: Cryptocurrency balances are being restructured due to the shortfall, while INR balances are mostly secure but partly frozen.
INR Withdrawals: Users will gradually regain access to their INR balances, with the full release dependent on the conclusion of investigations
Sony Launches Ethereum Layer-2 Chain
#Soneium is a Layer-2 network on Ethereum using Optimism's OP Stack.
They’re collaborating with Startale Labs, testing with Astar Network.
#Soneium is a Layer-2 network on Ethereum using Optimism's OP Stack.
They’re collaborating with Startale Labs, testing with Astar Network.
BTC Started Bouncing From Our Support Area 👀
⚠️⚠️McDonald's Instagram account has been hacked & promoting Solana based Scam Memecoin.
#Scamalert #McDonald #hack
#Scamalert #McDonald #hack
💥 BlackRock’s #Bitcoin ETF has climbed to third place in year-to-date inflows across all global ETFs.
#blackrock #kalapathhar #etfs
#blackrock #kalapathhar #etfs
💥Simple guide on @use_corn Airdrop
💰$6.7M funding
✅Binance backed
✅Confirmed #Airdrop
💯FREE
🆕Corn is the 1st L2 using BTC as the gas
👇Steps
🔗app.galxe.com/quest/CORN
✅Complete social task
🪙2500 Kernels (Corn's native pts)
🔜Earn more pts on mainnet soon
💙Like
🔁Reshare
#binancebacked #airdrop
💰$6.7M funding
✅Binance backed
✅Confirmed #Airdrop
💯FREE
🆕Corn is the 1st L2 using BTC as the gas
👇Steps
🔗app.galxe.com/quest/CORN
✅Complete social task
🪙2500 Kernels (Corn's native pts)
🔜Earn more pts on mainnet soon
💙Like
🔁Reshare
#binancebacked #airdrop
Dogs new update
- Claim to exchanges and Telegram Wallet will remain open until 4 pm UTC on 23rd August 😎 Here’s the updated timeline:
- Claim to non-custodial wallets will be available from 8 am UTC on 26th August
- TGE and listing will take place at 12 pm UTC on 26th August
Though we understand it could be frustrating for some of you, we want to ensure that everyone recievs a fair share of time to pick the option of their choice!🥷
#dogs #dogscom
- Claim to exchanges and Telegram Wallet will remain open until 4 pm UTC on 23rd August 😎 Here’s the updated timeline:
- Claim to non-custodial wallets will be available from 8 am UTC on 26th August
- TGE and listing will take place at 12 pm UTC on 26th August
Though we understand it could be frustrating for some of you, we want to ensure that everyone recievs a fair share of time to pick the option of their choice!🥷
#dogs #dogscom
$DOGS on Binance
🤔How many $DOGS do u have?
🤔How many $DOGS do u have?
💥 BlackRock now hold over 350,000 #Bitcoin !
Blackrock #BitcoinETF saw $93 million in inflows yesterday.
Blackrock #BitcoinETF saw $93 million in inflows yesterday.