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WazirX files FIR for $230-million hack in New Delhi

WazirX is currently in the midst of finding a solution to bail out customers and restart its operations, as the exchange has temporarily paused withdrawals and trading on its platform.

Bitcoin, ether hit multi-month lows as recession worries take hold

Shares in crypto-related U.S. stocks also plunged before the open on Monday. Miners CleanSpark, Bitfarms, Riot Platforms and Marathon Digital slumped between 12% and 18%

WazirX hack: Crypto exchange drops plan to socialise losses after backlash

Last week in an interview with Moneycontrol, WazirX’s founder and CEO Nischal Shetty had shared that he is in talks with most major global exchanges for support and to look for a potential buyer.

Crypto industry body BWA to create internal groups for cybersecurity, consumer issues after WazirX hack

The crypto industry body has said it will also review and update its existing consumer code in the wake of the cyberattack

Sent records to CERT-In, in touch with FIU, regulators: WazirX’s Nischal Shetty

Following the $230-million security breach in one of its multisig wallets and losing 45% of its holding assets, WazirX’s founder and CEO Shetty is in talks with global peers for support or finding a potential buyer.

Distress call: Hacked WazirX dials Binance for lifeline

As of July 18, Binance held WRX tokens worth around $80 million

WazirX recovery plan faces flak from customers, crypto influencers after $230-mn hack

The exchange has given two options to the customers to pick from for further plan of action. They will be able to vote for the same till August 3.

FBI reaches out to WazirX on alleged crypto heist by North Korean cybercriminals: Report

WazirX on July 18 confirmed facing security breach and temporarily stopped INR and crypto withdrawals, following the suspicious transfer of assets worth $230 million from one of its multi signature wallets.

Government’s silence on WazirX mess is unfair to India’s 19 million crypto investors

From an investor point of view, the exchange’s recent announcement to socialise losses is grossly unfair. The key question is why would customers pay the price of WazirX’s inability to safeguard investments?

Trump calls for US to be ‘crypto capital of the planet' in appeal to Nashville bitcoin conference

Trump also promised to remove Securities and Exchange Commission Chair Gary Gensler if elected and implement a crypto advisory council, teasing the crowd by asking attendees if anyone wanted to join.

No evidence of compromised machines, attack originated from Liminal's infrastructure, says WazirX

Liminal is a wallet infrastructure and digital asset custody solution provider, which counts Zebpay, Pi42, Central Bureau of Investigation (CBI) and Himachal Pradesh (HP) Police as its customers among others.

WazirX’s $230-mn hack will stall the crypto industry’s progress with regulators

Around 33 percent of crypto users in India have accounts and hold balances with the digital assets exchange.

Will crypto asset investors get a reprieve in Budget 2024?

Budget 2022-23 had brought in regulations mandating that gains arising from virtual digital assets (VDAs) or crypto assets be taxed at a flat rate of 30 percent irrespective of the individual’s income tax slab rate. In addition, a 1 percent TDS was introduced on every transfer of such assets.

The $230 million crypto theft at Wazirx a wake-up call for Indian regulators, government

Time and again, the RBI has been cautioning investors on crypto currencies, calling it gambling. This market has been drawing more investors, despite India not having a regulatory framework on crypto. This scenario can’t continue

Six crypto tax mistakes to avoid when filing income tax for FY 2023-24

If you've dabbled into crypto investments, you must provide detailed disclosures in the newly introduced Schedule VDA (Virtual Digital Assets) when filing returns before July 31. Unlike other assets, you cannot offset crypto losses against capital gains from other assets, such as the sale of mutual fund units or stocks.

Bitcoin below $55,000, down fourth day as Mt Gox repays creditors

The selling in bitcoin is in contrast to the record run on global equities, especially in US and Japan.

Budget 2024-25: Crypto firms call for tax reductions, regulatory clarity

Industry experts believe that the introduction of the crypto tax was a positive step that showcased India’s willingness to adopt a progressive approach, but now is time for the government to treat the crypto sector on a par with other industries.

Binance must face bulk of US SEC crypto lawsuit, judge rules

The regulator also accused Binance of unlawfully facilitating trading of several crypto tokens the SEC deemed unregistered securities.

US Treasury finalizes new crypto tax reporting rules

The new requirements aim to crack down on crypto users who may be failing to pay their taxes, and stem from the $1 trillion bipartisan 2021 Infrastructure Investment and Jobs Act. At the time the bill was passed, it was estimated that the new rules could bring in close to $28 billion over a decade.