News with the tag "wazirx"

Cryptocurrency use for illicit purposes totaled $40.9 billion in 2024, Chainalysis data shows. Though lower compared to the $46.1 billion observed in 2023, analysts warn that the current figure is a lower-bound estimate that will continue to rise as additional illicit addresses are recognized. When ...

The crypto market in India is witnessing an unprecedented surge as thousands of people—particularly young workers—turn to Bitcoin, Ethereum, and Dogecoin in an attempt to escape stagnant wages and a brutal job market, according to a report from Reuters. This isn’t only happening in major metros like...

US authorities have seized $31 million in cryptocurrency related to the April 2021 hack of the now-defunct decentralized finance platform Uranium Finance. In this attack, hackers exploited a vulnerability in the platform’s smart contract to abscond with millions of digital assets. According to an X ...

WazirX discreetly withdrew its funds from Bybit after the $1.5 billion hack. Users have been unable to access their funds since the July 2024 hack. Despite Bybit’s recovery, WazirX has not resumed withdrawals, leaving users questioning the exchange’s priorities. Following the $1.5 billion Bybit hack...

Coinbase reportedly plans to return to the Indian market this year. The company is said to have already contacted India’s regulators, such as the Financial Intelligence Unit. Coinbase entered the Indian market in 2022 before suspending its operations three days later. According to a Techcrunch repor...

The cryptocurrency market displayed strong bullish momentum on Thursday, shrugging off hotter-than-expected US inflation data for January. Bitcoin (BTC) regained ground above $96,000, while Ethereum (ETH), XRP, and Solana (SOL) traded firmly in the green. Despite a higher-than-expected US Consumer P...

In a move offering a beacon of hope amidst the often turbulent crypto landscape, Indian cryptocurrency exchange WazirX has announced a comprehensive compensation plan for users impacted by the devastating $235 million hack that shook the platform in July 2024. If you were among those affected, or ar...

Following the catastrophic hack that struck the Indian cryptocurrency exchange WazirX in July 2024, a considerable development took place. WazirX recently announced a compensation plan directed toward users affected by the hack. As a matter of fact, this hack, which resulted in the loss of an eye-po...

WazirX, the defunct Indian cryptocurrency exchange, has ended its rebalancing process and suggests a new plan for those affected by previous hacks. According to a blog post , victims will receive 85% of their portfolio value if the majority approves the plan. This solution aims to help creditors, wh...

WazirX hack victims will receive 85% of their portfolio value as recorded on Jul.18 as the exchange completed its asset rebalancing on Tuesday, with the first round of distributions slated in April. As of Tuesday, users can see both the U.S. dollar and Indian rupee values of assets that were lost in...