Analysis of the $235 million theft from Indian exchange WazirX
On July 18, 2024, according to Beosin Alert monitoring warning, the Indian exchange WazirX was attacked, involving funds of more than US$235 million.
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On July 18, 2024, according to Beosin Alert monitoring warning, the Indian exchange WazirX was attacked, involving funds of more than US$235 million.
India's CBI partners with Liminal, a digital asset custodian, to manage seized digital assets, ensuring secure storage amid recent cryptocurrency scams. Liminal's expertise and dedication to a regulated digital asset ecosystem play a crucial role in this collaboration.
Social media reacts with zero-notice rug-pull accusations; CEO Nischal Shetty replies NFTs are always under self-custody.
The Indian exchange assured its customers that its funds are stored in multi-signature wallets that adhere to industry-leading standards.
The Indian exchange is prepared to take necessary steps to seek recourse and protect its legal rights.
The laid off workers were told they would be paid for 45 days.
ED revealed that WazirX’s utility token ‘WRX’ and an Ethereum token Tether ‘USDT’ has been frozen.
WazirX will start to convert Tether (USDT), Pax Dollar (USDP), and True USD (TUSD) into Binance USD (BUSD) after delisting the other stablecoins on Sept. 26.
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