WazirX Hack

Highlights: Bombay High Court rejects Zanmai Labs’ plea, confirming the arbitral tribunal’s orders. The court allows CoinSwitch to recover ₹62 crore from the WazirX crypto theft case. The verdict strengthens India’s crypto exchange accountability framework. In the ongoing WazirX crypto […]

Highlights: WazirX secures Singapore Court approval to repay customers affected by the $235M hack. Creditors may recover up to 80% of their balances through token distributions. Zettai plans a three-year buyback program and a new decentralized exchange to boost returns. […]

Highlights: CoinSwitch announces a Rs 600 crore recovery fund for WazirX users impacted by the 2024 hack. The initiative includes signup bonuses, revenue redistribution, and referral rewards for affected users. CoinSwitch aims to help users recover losses while growing its […]

Highlights: CoinSwitch claims WazirX transferred $75M to Bybit, and KuCoin after the July hack. Legal filings show WazirX revealed 240K wallets, complicating fund tracking. The Delhi High Court has ordered a probe into the WazirX hack, allowing users to file […]

Highlights: Delhi High Court orders probe into the WazirX hack and question management’s role in user fund security. WazirX users gain civil court access to recover frozen funds post-hack; court seeks transparency. WazirX reveals 240,000 wallet addresses amid restructuring; transparency […]

Highlights: WazirX forms a Committee of Creditors to involve users in its restructuring process. Hack victims may not fully recover their funds as WazirX restructures. Zettai will oversee WazirX’s creditor selection amid a $546M claims process. WazirX is taking steps […]

Highlights: September cyberattacks led to a cumulative loss of $120.23 million across over 20 incidents. BingX and Indodax contributed to over half of the total losses, with $44 million and $21 million, respectively. Q3 2024 saw over $400 million lost […]

Highlights: Binance denies any ownership or control over WazirX, asserting it is not responsible for the $235 million user funds lost. Binance urges WazirX to compensate users affected by the hack, accusing WazirX of deflecting blame and misleading customers. WazirX’s […]

Highlights: The hacker transferred significant ETH to the sanctioned mixer Tornado Cash to launder the funds. The wallet now holds $153.8k after 26 transfers to Tornado Cash. WazirX initiates Phase 2 withdrawals; 43% of funds lost. According to cybersecurity firm […]

As a result of rising cyber crimes, crypto hackers robbed $266 million in crypto assets in July alone from 16 different cyber attacks across decentralized and centralized crypto platforms. Notably, this number represents a 51% surge compared to the previous […]