Hacker Converts Most of $230M WazirX Exploit Assets to Ether
The WazirX hacker converted most of the stolen $230 million into 43,800 ETH, now holding about 59,097 ETH and $15 million in various other tokens. Blockchain analytics firm Lookonchain announced Thursday night that the individual who misused the $230 million worth of cryptocurrency from India’s WazirX exchange converted most of the assets into ether. In […]
WazirX Confirms Binance’s Role in WRX Token Management
WazirX, an Indian cryptocurrency exchange, has admitted that Binance controls its WRX token and has failed to conduct quarterly burns for five consecutive quarters. WazirX has revealed in a recent blog post that Binance controls the WRX token. The post sheds light on the IEO and the subsequent management of the token Binance’s failure to conduct […]
Binance cuts relations with Indian cryptocurrency exchange WazirX
Indian cryptocurrency exchange, WazirX must withdraw any remaining funds it has stored in Binance wallets by midnight UTC on February 3rd. A recent blog post claims that Binance is prohibiting WazirX from using its services, which is the latest development in the scandal involving the international cryptocurrency exchange Binance and Zanmai, the company behind the […]
Binance and WazirX promise to work with the ED on shady deals
The Directorate of Enforcement (ED) announced in January that it was looking into allegedly suspicious money laundering transactions involving some private companies through WazirX Following the unexpected public altercation between WazirX CEO Nischal Shetty and Binance CEO Changpeng Zhao (CZ) on Saturday regarding WazirX’s ownership, the majority of Indian business news sites prominently covered the […]
WazirX report: crypto tax discourages 83% of Indian crypto traders
In the midst of a merciless bear market, it appears that the majority of Indian crypto traders have chosen to hibernate with two consecutive taxes poised to nibble away at their holdings. India is a case study for the effects that anti-crypto policies might have on a booming economy. A research from WazirX demonstrates a […]