Despite WazirX, Q3 crypto hack and scam losses fell to $413m YOY

Losses from scams and hacks in Q3 declined by 40% compared to the previous year, but CEX hacks still pose a problem for the industry.

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Crypto lender Shezmu recovers hacked funds through negotiation

Shezmu recovered nearly $5 million in stolen crypto through negotiations with a hacker and agreed to a higher bounty.

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Indian crypto exchange WazirX struggles to recover funds 60 days after hack

WazirXs $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs. 

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Binance Denies Ownership Of WazirX Amidst $230M Security Breach Controversy

The ongoing dispute between Binance and WazirX has taken a dramatic turn following a major security breach at WazirX in mid-2024, leading to the loss of approximately $230 million in crypto assets, almost half of the platform’s reserves. This breach forced WazirX to halt withdrawals, creating shockwaves across the crypto […]

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Binance Dismisses WazirX Hack Blame, Highlights Misleading Claims

Binance firmly re­futes any association with the rece­nt WazirX hack, dismissing misleading claims about its ties to the Indian e­xchange. The exchange­ stresses it neve­r owned, controlled, or operate­d WazirX, thereby negating any re­sponsibility for the breach on July 18, 2024. WazirX endure­d a severe cybe­rattack that affected a wallet containing use­r funds, resulting in […]

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Binance clarifies it never owned WazirX, demands accountability

Binance has distanced itself from the ongoing struggles of the Indian crypto exchange WazirX in a Sept. 17 statement. According to Binance, WazirX co-founder Nischal Shetty made several misleading statements that suggested the exchange might be responsible for the losses suffered by Indian crypto trading platform users after a $235 million hack in July. Binance […]

The post Binance clarifies it never owned WazirX, demands accountability appeared first on CryptoSlate.

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Binance denies blame in $230M WazirX hack, urges user repayments

Binance urged the WazirX team to take accountability for the hack and compensate users for the loss of funds.

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Binance Denies Involvement in WazirX Hack and Creditor Issues

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WazirX Hacker Moves Another $11.7M Amidst Restructuring Plans

WazirX attacker has reportedly transferred an additional 5,000 ETH worth approximately $11.7 million to Tornado Cash in July. This latest transaction hints at efforts to launder the stolen funds. Earlier blockchain security firm PeckShield identified an address linked to the hackers. It sent 2600.1 ETH [worth roughly $6.5 million] to the privacy protocol Tornado Cash. […]

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Crypto community slams WazirXs 'socialized losses' plan after hack

As WazirX navigates this crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.

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Crypto community slams WazirXs socialized losses plan after hack

As WazirX navigates a crisis, the firm faces the challenge of rebuilding trust with its user base and the broader crypto community.

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WazirX embarks on 30-day moratorium as rival seeks to recover around $10 million in stuck funds

Embattled crypto platform WazirX has entered an initial 30-day moratorium following a $234 million hack in July, pending a decision by Singapore’s High Court on whether to grant an extension, according to an Aug. 28 statement. This development arose as rival platform CoinSwitch announced its intention to pursue legal action to recover approximately $9.6 million […]

The post WazirX embarks on 30-day moratorium as rival seeks to recover around $10 million in stuck funds appeared first on CryptoSlate.

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WazirX slams external forces for delaying restructuring efforts

This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users interests.

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WazirX Outlines Roadmap: INR Withdrawals Set to Resume August 26

Indian crypto exchange WazirX unveiled its intentions to take on the prevailing worries related to cryptocurrency and INR withdrawals after a cyberattack on 18th July 2024. The event hugely disrupted the platform’s operations, mandating a temporary freeze in withdrawal and traders’ activities as WazirX works on gaining situational awareness and recovery strategies. The cyberattack exposed […]

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WazirX announces INR withdrawals will resume on Aug. 26

The crypto exchange did not provide a timeline on when crypto withdrawals might resume, citing legal issues.

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WazirX Announces Reopening of INR Withdrawals Post-Hack

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WazirX Cleared: Mandiant Investigation Debunks Laptop Compromise Claims

Recently, WazirX, one of the major crypto exchanges, hit the news with a cyber attack report. Over $230 million was compromised from one of the Multisig wallets on its platform. Following up on this critical breach, WazirX approached the highly professional services of Mandiant, a well-known cyber security firm and a subsidiary of Google, for […]

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WazirX Restores Investor Balances After $234 Million Hack

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WazirX restores balances post-hack, withdrawal timeline unclear

The delay in withdrawals has impacted individual investors and raised concerns about the overall security and reliability of cryptocurrency exchanges.

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WazirX schedules maintenance to restore balances after $234M hack

WazirXs ability to restore balances and secure assets on its platform will impact its future and the security of the broader industry.

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