News with the tag "Sumit Gupta"

Sumit Gupta shares insights on India’s approach to CBDCs and private cryptocurrencies, emphasizing the need for balanced regulation.

Indian crypto exchange Wazirx has decided to reverse all trades made after withdrawals were halted following the recent cyberattack. The exchange announced that this process will take place over the next few days, with all users’ portfolio balances on the platform being restored to their July 18 pos...

The CEO of Indian crypto exchange Coindcx has criticized Wazirx’s approach in response to a recent $230 million cyberattack. Urging Wazirx to take responsibility, he stressed: “Making customers directly absorb the 45% losses is utter nonsense.” Wazirx is working to recover and reopen its platform, p...

Indian cryptocurrency exchange WazirX is facing industry and customer heat for its "Withdrawal Management Programme: Opinion Poll" in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month.

In the last day, X users have raised concern over a scam email following the recent million-dollar hack of the cryptocurrency exchange WazirX. This development comes as the management of WazirX rolls out several measures to recover the stolen funds. Related Reading: Fallout From WazirX’s $235M Explo...

Indian crypto exchange CoinDCX announced a reduction in its workforce by approximately 12%. The decision, described as difficult by the company’s founders, Sumit Gupta & Neeraj Khandelwal, comes in response to the prolonged bear market and the impact of India’s TDS (Tax Deducted at Source) on domest...