Liminal Disputes WazirX’s claims On $235M Security Breach.
WazirX was still in possession of over $175 million 75 days after the attack, despite the fact that it had blamed the custodian for the breach, according to Liminal. Amid the ongoing debt restructuring of the hacked Indian cryptocurrency exchange WazirX, its digital custody partner Liminal released a statement regarding the purported security lapse. Liminal […]
WazirX Accused of Suspicious Transfers After July Hack
The legal dispute escalated as CoinSwitch filed a lawsuit against WazirX, accusing it of fraud and freezing its assets after a $230 million security breach. Ashish Singhal, the co-founder of the Indian cryptocurrency exchange CoinSwitch, accused the competing platform WazirX of transferring customer funds totaling $75 million to international exchanges like Bybit and KuCoin. The […]
WazirX to Meet Conditions During 4 Month Moratorium
WazirX’s founder, Nischal Shetty expressed gratitude for the court’s decision, emphasizing the need for a fair and legally binding resolution process. A Singapore High Court has imposed a number of requirements on the WazirX exchange following the granting of a four-month moratorium. The moratorium application’s approval paves the way for the exchange to devise a […]
WazirX Hacker Moves 10,000 ETH Amid Investigation
The WazirX hacker transferred 10,000 Ethereum (ETH), worth $23.3 million, reigniting concerns within the cryptocurrency community. WazirX Hacker transferred a significant amount of Ethereum, totaling 10,000 ETH, with a value of roughly $23.3 million, bringing the entity back to the forefront of public attention. Last but not least, this most recent operation took place over […]
Immunefi: Crypto Hackers Steal Over $1.2 Billion in 2024
Crypto hackers have stolen over 15.5% more in 2024 than in the same period last year. Cryptocurrency hackers have now stolen over $1.2 billion in 2024, following recent breaches in August, raising further concerns about the security of widespread crypto adoption. According to a report by Immunefi shared with Cointelegraph, the crypto industry has lost […]