WazirX Announces Reopening of INR Withdrawals Post-Hack
The platform had to halt trading and withdrawals after hackers stole $230M worth of tokens.
The exchange will start to remove the ban on INR withdrawals beginning on August 26, 2024.
An important update on the status of customer withdrawals has been released by WazirX, one of the biggest cryptocurrency exchanges in India. It also detailed what would happen next after the hack disaster was addressed. After hackers stole $230 million worth of ERC-20 tokens in an incident on July 18, the platform had to halt trading and withdrawals. But next week, the exchange will allow withdrawals again, as stated in their most recent announcement.
After a period of inactivity due to the WazirX hack, the exchange has chosen to restore the ability to withdraw INR, which is sure to be a relief for its customers. In a gradual process, the platform will start to remove.
#BinanceBlockchainWeek #wazirbimamsir #India #IndianCryptoCommunity #indiaceyptotax $BTC $SOL $ETH