Latest News and Articles about WazirX
WazirX Wins 93% Creditor Approval for Restructuring After $230M Hack
WazirX’s Restructuring Plan Gains Strong Creditor Backing After $230 Million Cyber Attack WazirX, an Indian cryptocurrency exchange, has secured overwhelming support for its restructuring plan, following a devastating $230 million cyber attack attributed to the notorious Lazarus Group. With 93.1% of creditors by count and 94.6% by value endorsing the scheme, WazirX aims to navigate […]
Read MoreWazirX Wins 93.1% Creditor Approval Amid Legal Scrutiny in India
WazirX’s Recovery Plan Gains Strong Support Amid Legal Challenges WazirX, a leading Indian cryptocurrency exchange, has secured overwhelming support for its recovery plan following a cyberattack last year. Despite this, the approach to restructuring user assets worth ₹4,400 crore has come under scrutiny from the Delhi High Court, raising concerns about user consent and data […]
Read MoreWazirX Relaunches with Enhanced Security After $230M Hack: A Beacon of Hope
WazirX’s Resilient Relaunch: A Beacon of Hope Amidst Cyberattack Fallout WazirX, once India’s leading digital asset exchange, is staging a comeback after a devastating $230 million cyberattack, attributed to North Korea’s notorious Lazarus Group. The exchange is fortifying its defenses and rebuilding user trust with the help of top custodians BitGo Trust and Zodia Custody, […]
Read MoreWazirX Withdraws ₹606 Crore from Bybit Post $1.5B Hack: Users Left in the Dark
WazirX Secretly Moves Funds Out of Bybit Post $1.5 Billion Hack: No Explanation Provided If you’re a WazirX user, you might be feeling left in the dark. Following the massive $1.5 billion Bybit hack on February 21, 2025, WazirX clandestinely withdrew ₹606 crore from Bybit, leaving its users with more questions than answers. Bybit hack […]
Read MoreWazirX Enhances Transparency Post-$235M Hack, Plans Decentralized Exchange
WazirX Bolsters Transparency in Restructuring After $235 Million Hack Indian cryptocurrency exchange WazirX has taken significant steps towards transparency by releasing a preliminary creditor list and a balance snapshot as part of its restructuring efforts. These measures, dated July 18, 2024, are designed to help creditors verify their claims and understand their current balances amidst […]
Read MoreWazirX Aims to Repay 80% of $234M Hack, Faces Community Doubt
WazirX’s Plan to Repay 80% of Stolen Funds Faces Community Skepticism The Singapore High Court has approved WazirX’s plan to repay 75% to 80% of the funds lost in a $234 million hack, but the crypto community remains skeptical of the lengthy three-month voting process. Singapore High Court approves WazirX repayment plan Community skeptical of […]
Read MoreWazirX Freezes $3M of $235M Stolen Crypto, Enhances Security Post-Hack
WazirX Intensifies Recovery Efforts After $235M Hack, Freezes $3M in Stolen Crypto In a bold move against digital bandits, WazirX, a leading Indian cryptocurrency exchange, has successfully frozen $3 million of the $235 million stolen in a recent hack. The exchange is now embarking on a crypto treasure hunt, partnering with law enforcement and blockchain […]
Read MoreCrypto’s $3.6B Pig Butchering Scandal: Lessons and Losses in 2024
Pig Butchering Scams in 2024: A $3.6 Billion Crisis and Lessons Learned The term “pig butchering” doesn’t refer to farm life but rather a serious scam targeting crypto users. In 2024, this scheme resulted in losses exceeding $3.6 billion, with Ethereum being a prominent stage for these fraudulent activities. Pig butchering scams resulted in $3.6 […]
Read MoreDelhi High Court Orders New Probe into WazirX Hack; Binance Delists WRX, Token Drops 51%
Delhi High Court Orders Renewed Probe into WazirX Hack The Delhi High Court has mandated a fresh investigation into the colossal $235 million breach suffered by WazirX, a prominent Indian cryptocurrency exchange. This directive follows the failure of initial police efforts to trace the perpetrators of the breach, highlighting both the challenges and the stakes […]
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