WazirX receives Singapore High Court approval for a restructuring plan to compensate over 150,000 users affected by a 2024 hack, totaling $234 million in losses. Payouts via tokenized mechanism expected in 2-3 months. #Update #Crypto $BNB
@WazirX plans to relaunch in April-May 2025, pending a crucial Singapore Supreme Court hearing on May 13 regarding legal enforceability after a $235M hack. #Breaking #Legal (+8) ↗
@WazirXIndia has frozen $3 million in $USDT to aid recovery from a $230 million hack, showcasing commitment to safeguarding user funds and rebuilding trust. Industry support includes potential acquisition by @CoinDCX and recovery initiatives by CoinSwitch. #Breaking #Crypto $USDT (+8) ↗
Indian police nab Mausaad Alam in $235M $WazirX hack linked to Telegram; no internal breach found. Liminal Custody’s cooperation questioned. Highlights need for better crypto security and transparency. #Update
WazirX granted four-month moratorium by Singapore courts after $230M hack in July 2024. The exchange plans to disclose wallet addresses and publish financial statements to restore balances and restructure assets. Controversial “socialized losses” strategy sparks debate.
WazirX hacker launders $10M via Tornado Cash. Cyvers reports 5,000 ETH moved to a new wallet, mirroring Lazarus Group tactics. WazirX allows 66% INR token withdrawals amid restructuring and user discontent.
Hacker behind WazirX breach launders $6.5M in ETH via Tornado Cash. The wallet still holds 61.1 ETH ($152,700). North Korean Lazarus Group suspected in the $235M breach. Highlights ongoing crypto vulnerabilities and need for heightened security.
Breaking: $WazirX halts operations following a $235M hack, impacting 45% of reserves. All transactions from July 18-21, 2024, canceled; user balances to be restored by July 18. #CryptoSecurity
WazirX’s investigation into a security incident revealed no compromised devices, emphasizing the need for security in crypto exchanges. With over 10 million users, user trust is paramount for retention and engagement.
The hacker in the WazirX breach has moved an additional $57 million in Ethereum, highlighting ongoing security challenges in crypto exchanges as WazirX enhances its bug bounty program to protect assets.
Bitcoin hits a new high at $67,539, with a 13.4% weekly surge boosting its market cap to $1.32T. Donald Trump to speak at Bitcoin 2024 conference. FTX settles $12.7B with CFTC; WazirX hacked for $235M. $ETH ETF launch may push price to $5K. #Update
Cryptocurrency exchange @WazirX reported a $235M hack on July 18, 2024. Suspected North Korean hackers targeted the exchange. WazirX is working with CERT-In and over 500 crypto exchanges to freeze hacker accounts and recover the funds. #CyberSecurity #Update
? Indian crypto platform @WazirX was exploited for $235M on July 18, allegedly by North Korea-backed Lazarus Group. The attacker converted assets into 60K ETH ($201.67M). #Crypto #SecurityAlert
? Indian crypto exchange WazirX hacked, losing $235M. Suspicious transactions detected by Cyvers, funds mixed via Tornado Cash. Blockchain detective ZachXBT traced attacker’s wallet holding $100M in $SHIB, $11.2M in $MATIC. WazirX pauses withdrawals. #CryptoSecurity
