**News Flash: WazirX Hack and India's Crypto Tax Hopes**

**WazirX Hack Prepped Days in Advance**

Hackers behind the $235 million WazirX crypto exchange breach began preparing at least eight days prior, according to Polygon Labs' security chief. The attack, attributed to North Korea's Lazarus Group, involved upgrading a multisig wallet to a malicious version, allowing the hackers to drain funds. WazirX has called the incident a force majeure event and has temporarily frozen withdrawals.

**India's Crypto Sector Awaits Tax Relief**

India's crypto industry is eagerly anticipating potential tax relief as Finance Minister Nirmala Sitharaman prepares to present the Union Budget. Since 2022, a 30% capital gains tax and a 1% tax deducted at source (TDS) have heavily impacted the sector. Industry leaders are advocating for a reduction in TDS to 0.01% to revive trading volumes and tax revenues.