New Delhi: After a massive Rs 2,000 crore data breach, more bad news awaits WazirX customers — including at least 4.2 million Indian users — as nearly 43 per cent of them are likely to lose their money. According to industry and legal experts, this urgently requires further scrutiny of the crypto trading platform by … Read more
The attacker behind India’s worst crypto hack has begun laundering some of the $234 million stolen in the incident from the WazirX exchange, acting the same day the platform briefed on efforts to recover funds. The perpetrator on Monday moved 2,500 Ether tokens worth about $6.3 million to Tornado Cash — a sanctioned service that … Read more
Crypto exchange WazirX on Friday said it will be lifting the complete suspension of withdrawals on INR balances. Starting August 26, users can withdraw 66% of their INR balances as reflected on the platform. The suspension removal will be implemented in two phases, where from August 26-September 8, users will be able to withdraw up … Read more
New Delhi: Crypto platform WazirX, which lost a staggering $234 million worth of digital assets in a cyber breach, on Sunday announced $23 million in bounty to recover the stolen funds. The company invited white hat hackers, blockchain forensics experts, and cybersecurity professionals from around the world to join the recovery mission. WazirX said it … Read more
Leading Indian cryptocurrency exchanges are recording higher trading volumes, deposits, and user registrations following Financial Intelligence Unit’s (FIU’s) decision on December 28, 2022, to issue compliance show-cause notices to nine global crypto exchanges along with a request to the IT ministry to block their URLs for not adhering to Indian regulatory norms. Leading Indian crypto … Read more
Last Updated: June 14, 2022, 11:36 IST Launched in 2017, WazirX today is one of India’s biggest crypto trading platforms. WazirX said that it aims to elevate its customer onboarding and app promotion with respect to the crypto industry in India, using MoEngage’s services Crypto trading platform WazirX has announced a partnership with insights-led customer … Read more
Crypto trading has taken a hit from July 1, after the new TDS rule was implemented. Three leading crypto exchanges in India, ZebPay, WazirX and CoinDCX, saw a plunge of 60 to 87 per cent in their value of daily trading after the TDS rule came into effect. The latest income tax rule set by … Read more
Last Updated: July 11, 2022, 14:05 IST Almost one-fourth of all respondents are thinking of shifting their trading to international exchange. (Illustration Reuters) Involving almost 10,000 respondents, the survey was conducted by WazirX and Zebpay, two of the most prominent crypto exchange platforms in the country. Crypto trading is experiencing a decline in its frequency … Read more
The ED said on Friday that it conducted raids against Sameer Mhatre, a director of Zanmai Lab Pvt Ltd. (Image: Shutterstock) Binance founder Changpeng Zhao said it had no links with WazirX and does not own any stake at Zanmai Labs, shortly after the ED raided the Indian crypto exchange. World’s largest cryptocurrency exchange by … Read more
After the Enforcement Directorate (ED) conducted raids on WazirX director last week, the world’s largest crypto exchange by volume Binance, which had announced to buy WazirX in November 2019, is now reneging on the agreement between the two companies. This prompted users to find out who controls WazirX. Now, Binance has also removed off-chain crypto … Read more
