cryptocurrency exchanges

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Wazirx Claims INR Funds Unaffected by Cyberattack, Platform Secure

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Indian crypto exchange Wazirx has provided an update on the recent cyberattack resulting in the theft of over $230 million. Wazirx co-founder Nischal Shetty stated that the exchange is exploring various strategies to restore platform deposits, withdrawals, and trading. He assured users that Indian rupee (INR) funds are secure and that efforts to recover the … Read more

Wazirx: Withdrawals and Trading Paused for All Users, Over 80 Bounty Intents Received Within 24 Hours

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Indian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multisig wallet, resulting in the theft of over $230 million. The exchange has paused deposits, withdrawals, and trading, and launched a $23 million bounty program to recover the stolen assets. Within 24 hours, Wazirx received over 80 intents for … Read more

Wazirx Offers $23M Bounty to Recover Stolen Assets After Massive Security Breach

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Indian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists that the attack was not due to phishing but involved multiple hardware wallets … Read more

Indian Crypto Exchange Wazirx Updates on Major Multisig Wallet Hack

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Indian cryptocurrency exchange Wazirx has provided an update on the over $230 million security breach in its multisig wallet, which involved Liminal’s custody services. The exchange detailed the incident and ongoing recovery efforts, promising transparency and further updates. “We have already blocked a few deposits and reached out to concerned wallets for recovery,” the crypto … Read more

Indian Crypto Exchange Wazirx Suspends Withdrawals Amid $230M Security Breach

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Indian crypto exchange Wazirx has announced a security breach affecting one of its multisig wallets, resulting in the theft of over $230 million. Cryptocurrency and INR withdrawals have been halted as the team investigates the incident, with blockchain investigators Zachxbt and Mudit Gupta offering insights into the sophisticated hack. Wazirx Security Breach Halts Withdrawals After … Read more

Binance’s Local Exchange Receives Dubai License, Initiates UAE User Migration

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Binance is transitioning UAE resident accounts to its new regulated local entity, Binance FZE, following a Virtual Asset Service Provider license from Dubai’s regulator. This change will allow UAE users to access various virtual asset services locally, including AED bank deposits and withdrawals. Binance’s Local Exchange in UAE Now Licensed Crypto exchange Binance announced on … Read more

Crypto Exchanges Brace for EU’s MiCA Rules: Stablecoins Delisted by Uphold, Binance

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This month, several cryptocurrency exchanges are delisting certain stablecoins to align with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which establish more stringent rules for fiat-backed and algorithmic stablecoins in the European Economic Area (EEA). Uphold announced it will delist a selection of stablecoins on July 1, and Binance has recently removed stablecoin funding … Read more

Kraken Calls Security Research Firm’s Demands ‘Criminal’; Certik Slams Threats Against Its Employees

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Kraken has accused an unnamed security research firm of stealing $3 million from its treasury and attempting to extort more money. Nick Percoco said so-called white hat hackers failed to fully disclose the bug transaction details and have not made arrangements to return the stolen funds. White Hat Hackers Refuse to Abide by Rules The … Read more