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news-imageNovember 13, 2024

Key Suspect Linked to the $230 Million WazirX Hack Arrested in India

Indian Police have arrested SK Masud Alam, a resident of West Bengal, for his alleged role in the WazirX hack. Earlier this year, the hack resulted in over $230 million in cryptocurrency losses, as customers were unable to withdraw their funds.
Publisher: BeInCrypto
Sentiment: Negative
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November 6, 2024

WazirX Crypto Exchange Unveils Recovery Token Plan for Creditors

WazirX, a cryptocurrency exchange that was recently hacked for over $230 million, plans to issue a Recovery Token to settle outstanding debts with creditors. The official announcement said that the token will be airdropped in proportion to creditors on their platform balance, which will offer a tangible route for creditors to recover funds.

Neutral
cover-imageCryptoSlate
October 25, 2024

WazirX reveals 40% customer assets held on third-party exchanges amid transparency push

Indian crypto exchange WazirX has disclosed its proof-of-reserves (PoR) report, showing that over 40% of customer assets are stored on third-party exchanges, according to an Oct. 25 statement. The exchange said its PoR dashboard aims to promote transparency by enabling independent verification of its wallet addresses, which include the precise holdings for each asset.

Negative
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October 22, 2024

WazirX Hack Update: Liminal Claims Big Misinformation Amid Wallet Details

WazirX Hack Update: The institutional digital asset custody platform Liminal recently revealed a vital update regarding the Indian crypto exchange's $230 million July hack, sparking discussions globally. On Tuesday, the custodian cleared muddy waters regarding its role in the Indian exchange's recent decision to reveal 240K wallet addresses in the Singapore Court, a move highly

Negative
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October 21, 2024

WazirX Accused Of Suspicious Transfers Following July Hack

Ashish Singhal, the co-founder of the Indian cryptocurrency exchange CoinSwitch, accused the rival platform WazirX of transferring user assets amounting to $75 million to international exchanges like Bybit and KuCoin. The accusation against Indian exchange came after the July 2024 cyber attack, when more attention was paid to its actions.

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