🔥🔥🔥 India's Largest Crypto Trading platform Hacked ! 😱😱😱😱
📌 WazirX Hack Update:
Founder Unveils New Details On Fund Recovery, WithdrawalsWazirX founder Nischal Shetty has revealed preliminary details on the recovery of stolen crypto funds lost in the July 18 hack. Additionally, he also provided an update on reinstating withdrawals.
📢 HIGHLIGHTS:
• India's WazirX exchange experienced a major security breach on July 18.
• The exchange paused withdrawals after the $230 million cyber attack.
• Nischal Shetty, WazirX's founder, has now revealed crucial details on withdrawals and fund recovery.
📌 the wake of the $230 million WazirX hack, the exchange’s founder Nischal Shetty has answered important questions. He shed light on important updates on the platform’s recovery efforts and the reinstatement of withdrawals. The hack, which occurred through a third-party custody provider named Liminal, affected the digital assets of the exchange’s customers, but not the INR funds.
✍️ Update On WazirX Hack Fund Recovery & Withdrawal
In a series of posts on X, Nischal Shetty provided reassurances and outlined the next steps the exchange is taking to manage the fallout. He highlighted that “some options have emerged to help with the recovery which we’re exploring.” Shetty added:
“Recovery options need more time but we understand you want us to open the platform soon for withdrawal/deposit/trading. We will run a poll to help our customers decide the approach to opening up the platform. Team is working on building the poll flow so everyone can participate.”
He emphasized that despite the severity of the WazirX hack, their product platform and infrastructure remained secure. Shetty added, “P.S. INR funds are unaffected in this cyber attack. The attack was during the flow of our custody provider Liminal. WazirX product platform and infrastructure was not breached.”
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