Wazirx

WazirX has restarted its exchange less than a week ago after a major cyberattack in 2024, with trading volumes having crossed $22 million so far.

What does Madras HC’s judgement mean for WazirX’s rebalancing scheme and its impact on users

Industry and legal experts expect fresh petitions to be filed against the crypto exchange at other high courts taking a cue from this interim ruling.

WazirX restarts exchange operations tomorrow, 15 months after a crippling cyberattack

As a part of a 'Restart Offer', users will be charged no trading fee across all trading pairs

Singapore Court approves WazirX’s restructuring plans following $230-mn hack

'As soon as the scheme is legally effective based on today’s verdict, we will start platform operations within 10 business days,' said founder Nischal Shetty

Crypto exchange CoinDCX hit by cyberattack, $44 million drained from internal operational account

CoinDCX confirmed the same and added that no customer funds were impacted in the breach. All trading activity and INR withdrawals continue to be fully operational.

Singapore court extends WazirX’s moratorium, fast tracks revote

The court has also set aside its previous order from June 4 that had dismissed WazirX’s proposed restructuring scheme.

Singapore court declines WazirX’s restructuring plan following $230-mn hack

The long-awaited restructuring plan’s approval was critical to allow rebalancing of tokens that would have enabled impacted users to recover up to 85 percent of the value of tokens lost in the initial phase.

Creditors back WazirX’s restructuring scheme after $234 million hacking last year

Those who in favour of the proposed restructuring of WazirX accounted for 94.6 percent of the assets on the exchange, in terms of value.

If creditors vote in favour of the recovery scheme, we may retrieve 90-145% of the lost funds in 3 years: WazirX’s Nischal Shetty

“We wrote to over 500 exchanges in the first two weeks after the attack, asking for help and asking for freezing,” Shetty said told Moneycontrol.

No possibility of WazirX takeover but talks are on to help users, says Binance executive

Binance is assisting WazirX track their stolen funds, head of regional markets Vishal Sacheendran has said

WazirX completes asset rebalancing process, now awaits majority votes to start token distribution

The exchange expects the subsequent distributions to happen over the next three years as “more assets are realized from Illiquid Asset recoveries, including the Stolen Tokens, as well as from available shared profits generated through future operations.”

MC Exclusive: India has always been an important market, seeing huge rise in institutional queries, says Binance’s Vishal Sacheendran

Sacheendran also shared that while the talks for bailing out hacked exchange WazirX are still on, a takeover by Binance is unlikely

Budget 2025: Crypto industry seeks lower taxes, loss offsets and regulations to protect consumers

After a tumultuous year, including the WazirX cyber attack, the crypto industry will be closely tracking the budget even as bitcoin crossed $100,000 in 2024

N Korea responsible for WazirX's $235-mn crypto hack, say US, Japan, S Korea; issue global warning

This is the first time North Korea and its government-backed hacker community Lazarus Group have been officially held accountable for $235-million WazirX hack

CoinSwitch launches Rs 600-crore recovery program for impacted WazirX users

At present, CoinSwitch is also pursuing legal action against WazirX to recover 2 percent of its funds that are stuck with WazirX, cumulatively amounting to Rs 12.4 crore in INR.

WazirX parent Zettai files application in Singapore High Court to present recovery scheme

The application filed on December 6 outlined a structured roadmap for recovery, and if approved, will include initial distributions of available liquid assets within 10 Business Days (as defined in the proposed Scheme).

Bitcoin Crosses $100,000: How Can Indian Investors Ride The Wave?

Bitcoin Crosses $100,000: Bitcoin has stormed past the $100,000 mark, marking a historic milestone fuelled by a mix of political and economic developments in the United States. The cryptocurrency‘s recent rally comes amid growing institutional confidence and a pro-crypto policy shift under the leadership of US President-Elect Donald Trump.

Crisis at Bitbns? User funds stuck, deep discounted crypto prices, banking challenges

Users' investments, ranging from Rs 20,000 to Rs 1.5 crore, have been stuck with the exchange for months. While Bitbns is allowing deposits and trading on the platform, users have been unable to withdraw their funds. Bitbns CEO Gaurav Dahake said that arbitrary freezes on bank accounts by LEAs has impacted its ability to process user withdrawals.

Decentralised exchange, profit sharing, tokenisation – WazirX chalks out fund recovery strategy after $230-million hack

Nischal Shetty, founder and CEO of WazirX said he is expecting to restart the exchange platform by February 2025.

CoinDCX launches decentralised custody access for users after $230-mn WazirX hack

Sumit Gupta, Co-Founder, CoinDCX told Moneycontrol, that the users would have full control of the private key of the decentralised wallet that will be encrypted using user's email id authentication.

WazirX releases Proof of Reserves post $230 mn hack, total assets plunge over 40%

WazirX had last reported its POR in June when the total holdings stood at Rs 4,203.88 crore, which has now fallen to Rs 2,506.79 crore post the hack.

WazirX moved crypto worth $73.63 million to global exchanges post-cyberattack, claims CoinSwitch's Ashish Singhal

CoinSwitch cofounder Ashish Singhal claims that his platform identified the transfer of $72.13 million worth of crypto to Bybit and $1.5 million to KuCoin, originating from WazirX.

WazirX to set up committee of creditors by October 9 following $230-million hack

WazirX said the committee, which will have 10 users affected by the July cyberattack as its members, is aimed at giving a fair representation to such customers in the business restructuring process

Some respite for WazirX, Singapore court allows 4-month moratorium on legal action

The moratorium, which comes with some conditions, will allow WazirX to help it restructure its business after the $230-million hack

Binance hits out, accuses WazirX and Nischal Shetty of misleading customers

Never owned, controlled or operated WazirX during or after hack: Binance said in a statement