Indian cryptocurrency exchange WazirX has halted deposits and withdrawals following a $235 million hacker attack on July 22, 2024. The platform took this action after discovering scammers impersonating WazirX through fraudulent emails.
In a social media post, WazirX did not specify when services would resume but assured users it is actively monitoring and addressing the issue. The exchange emphasized the importance of user caution against suspicious emails and links.
This suspension comes shortly after WazirX paused trading due to difficulties maintaining 1:1 collateral with assets post-attack. The exchange is conducting a detailed forensic data examination and security audit to restore withdrawals swiftly.
WazirX’s proactive measures highlight its commitment to user security, underscoring the strategic importance of robust cybersecurity protocols in the crypto industry.
