#news #newstoday #tech #technews #latestnews #techupdates #newsupdates CoinSwitch announced on Tuesday, January 7, the launch of a recovery initiative aimed at supporting distressed WazirX users who suffered losses in a hacking incident in July 2024. The initiative, branded as ‘CoinSwitch Care,’ aims to facilitate the recovery of at least ₹600…
#news #newstoday #tech #technews #latestnews #techupdates #newsupdates WazirX users affected by the July hacking incident may face a longer wait for clarity on compensation. In a recent update, Zettai announced plans to present its proposed financial restructuring scheme to the Singapore Court on January 22, 2025. Zettai, the Singapore-registered entity…
#news #newstoday #tech #technews #latestnews #techupdates #newsupdates Zettai, the Singapore-registered entity overseeing the WazirX crypto exchange in India, is seeking to engage with its creditors following the July hack that resulted in losses exceeding $230 million (roughly Rs. 1,900 crore). In response to the incident, Zettai began developing a financial…
Two months after it lost $230 million (roughhly Rs. 1,900 crore) to hackers, WazirX is still looking for ways to include its community members in the ongoing restructuring process. The beleaguered crypto exchange has announced that it is in the process of forming a ‘Committee of Creditors’ (COC). Zettai, the…
WazirX, which suffered a loss of over $230 million (approximately Rs. 1,900 crore) in a hack in July, is now working to restructure its finances. In a recent affidavit, the exchange revealed that only 441 users have supported the moratorium appeal filed by its majority stakeholder, Zettai, in a Singapore…
WazirX hacker, who remains unidentified since the hack in July, is reportedly moving around the stolen funds. Data collected by Arkham Research showed that the hacker is using the controversial Tornado Cash platform to do so. Out of the stolen amount of over $230 million (roughly Rs. 1,900 crore), the…
On Monday, September 2, the WazirX team, including co-founder Nischal Shetty, held a virtual townhall with members of the media. During this meeting, Shetty informed Gadgets360 that users in urgent need of funds have begun withdrawing their Indian Rupee (INR) balances from the platform. Initially, after the unfreezing of 66…
Zettai Pte Ltd, the Singapore-based majority stakeholder in WazirX, has sought a moratorium in order to restructure its finances. A moratorium can be explained as a legal authorisation to debtors to postpone payments. Zettai’s application, filed in a Singapore court, is part of the firm’s attempt to buy some time…
Indian crypto exchange WazirX, that was hacked for over $230 million (roughly Rs. 1,928 crore) on July 18, is moving ahead with resuming some services on its platform after more than a month of suspension. In a statement released over the weekend, the exchange said it was resuming INR withdrawals…
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….
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