Analysing WazirX’s Controversial Approach to Mitigating Financial Impact of Wallet Hack

Analysing WazirX’s Controversial Approach to Mitigating Financial Impact of Wallet Hack

WazirX has been trying to resume services on its platform as it continues to investigate the recent hack of one of its wallets under Liminal Custody’s oversight leading to a loss of $230 million (roughly Rs. 1,900 crore). Over the weekend, the exchange published details on a ‘socialised loss strategy’…

Indian Crypto Exchanges Reveal Repercussions of the WazirX Hack Aftermath on Their Platforms

Indian Crypto Exchanges Reveal Repercussions of the WazirX Hack Aftermath on Their Platforms

The crypto sector in India is comprised of both national and international exchanges, offering hundreds of cryptocurrencies for investors, similar to trading on the stock market. This week, Mumbai-based WazirX, a widely used crypto exchange in India, fell prey to cybercriminals who managed to steal over $230 million (roughly Rs….

WazirX Data Breach: Rivals Assure Investors About Fund Safety After Crypto Firm Suffers Alleged Data Breach

WazirX Data Breach: Rivals Assure Investors About Fund Safety After Crypto Firm Suffers Alleged Data Breach

Indian crypto exchange WazirX informed its users about a security breach on Thursday, that reportedly led to suspicious movement of funds worth $234.9 million (roughly Rs. 1,965 crore) into a Tornado Cash-linked wallet. Many crypto investors in India have expressed apprehension about the potential loss of user funds. WazirX’s rivals…

CoinDCX Acquires UAE-Based BitOasis Crypto Exchange to Expand in MENA Region

CoinDCX Acquires UAE-Based BitOasis Crypto Exchange to Expand in MENA Region

CoinDCX on Wednesday announced that it has acquired BitOasis, a UAE-based crypto trading platform. With this acquisition, CoinDCX claims it has taken its first step in expanding its crypto business in the Middle East and North Africa (MENA) region. CoinDCX first engaged with BitOasis last year when it invested an…

CoinDCX Acquires UAE-Based BitOasis Crypto Exchange to Expand in MENA Region

CoinDCX, Mesh Partner to Let Users Integrate DeFi Wallets from Within its App

CoinDCX, the Indian crypto exchange platform, has decided to let its users integrate DeFi wallets from within its platform. The aim is to ease the connectivity between centralised exchanges and DeFi wallets. To do so, the exchange has announced a partnership with a US-based fintech firm Mesh. With this, the…

CoinDCX Seeks Advice to Grow India’s Web3 Sector, Experts Call for Early Test Beds and Education

CoinDCX Seeks Advice to Grow India’s Web3 Sector, Experts Call for Early Test Beds and Education

The crypto scene in India is getting more sophisticated with the government gradually deploying regulations to oversee the industry’s safety. In a bid to get a better understanding of what the Indian crypto community really wishes for, CoinDCX crypto exchange has decided to do something simple and effective — ask…

Solana Foundation, CoinDCX Announce Rs. 25-Crore Grant for India’s Web3 Developers

Solana Foundation, CoinDCX Announce Rs. 25-Crore Grant for India’s Web3 Developers

Ahead of India’s 75th Republic Day, Indian crypto exchange CoinDCX has announced a grant programme for Indian Web3 developers in partnership with the Solana Foundation. The grant, worth Rs. 25 crore, aims to help bootstrapped Indian Web3 developers designing products on the Solana blockchain. In an official announcement shared on…

CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges

CoinDCX Hatches a Million Dollar Plan to Reap Advantages of India’s Crackdown on Foreign Exchanges

Indian crypto exchanges are reaping the benefits of the government opening compliance investigations on foreign crypto exchanges like Binance and Kraken. Over the last week, Indian crypto exchanges recorded a massive inflow of deposits, that has now opened a competition amongst Indian exchanges. CoinDCX, that claims to have seen a…

India’s WazirX Sees 90 Percent Dip in Crypto Trading Volume Amid Regulatory Delays

India’s WazirX Sees 90 Percent Dip in Crypto Trading Volume Amid Regulatory Delays

WazirX disclosed the trajectory of its business this year only to give an insight into the slump spell that the crypto market is under as India awaits to complete regulatory deployments to oversee the sector. The Indian crypto trading platform, in 2023, managed to generate around $1 billion (roughly Rs….

CoinDCX’s Okto Self Custody Wallet Expands Internationally: Details

CoinDCX’s Okto Self Custody Wallet Expands Internationally: Details

CoinDCX has announced that it is expanding its self-custody wallet service named Okto outside of India to other international locations. To do so, the Indian crypto exchange has stitched its operations with Transak, which is a developer integration toolkit to let users buy/sell crypto in any app, website or web…