🚨CYBERATTACK HITS WAZIRX👑

JULY 18📆

India's largest cryptocurrency exchange WazirX, has suffered a major

security breach resulting in the theft of over $230💰 millions in digital

assets.

JULY19📅

WazirX files a police complaint and reports the incident to the FIU.🚓

AUG 03📅

WazirX concludes a poll, with users overwhelmingly voting against the

loss- sharing proposal.🖲

AUG 26📅

WazirX is resuming only 66% of their INR balances in phases, also

halted trading.

AUG 27📅

WazirX announced that its crypto operating entity , ZETTAI , filed on Aug

27 an application with the high court of Singapore for a moratorium

under section 64 of the insolvency, restructuring and dissolution act

2018.

SEPT 4📆

According to the crypto tracker Lookonchain, the stolen assets from

WazirX have been converted to Ethereum(ETH). Cryptooutlet Coin Desk

also reported that a crypto currency “Mixer” known as Tornadocash was

used to carry out currency transport.😨

WazirX is facing a backlash from social media users, scammers on X

are targeting the helpless customers while those critical of Shetty have

claimed that they are being blogged and ignored.Others who support the

CEO are urging aggrieved customers to consent to the moratorium,

scaring them away from taking legal action of their own.🫢

Inorder to help distraught users understand the legal situation,Nischal

Shetty announced that WazirX was emailing them a 52 pages long

affidavit.🗒

This incident highlights💡 the ongoing challenges faced by the crypto

currency industry in combating cybercrimes and ensuring the security of

digital assets.

Now the Question is "Will WazirX👑, the big Indian󰏝 crypto platform,

retrieve its users' trust?”🤔

#WazirX #CryptoCurrency #cyberattack

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