Bitcoin24h $105,250.82+0.69%

Ethereum24h $3,253.94-0.88%

XRP24h $3.12-2.14%

Solana24h $251.63-2.55%

BNB24h $687.89-1.16%

Dogecoin24h $0.3537-2.39%

Cardano24h $0.9871-1.16%

TRON24h $0.2502-2.90%

Chainlink24h $25.37-0.63%

Avalanche24h $35.78-3.99%

WazirX users can expect to lose 40% of their funds, report

WazirX has asked Singapore’s high court for “breathing space” to allow it to work on a fast and effective restructuring process.

A single malicious transaction led to $230M drained from WazirX

The WazirX hacker — likely the Korean Lazarus Group — reportedly compromised authorized addresses directly or via social engineering.

WazirX was hacked on July 18 and funds, including $100 million worth of SHIB and $52 million in ETH have reportedly already been sold.

For years, Binance and WazirX assured the world that they had merged. After a government raid, Binance is backtracking.