Bitcoin24h $111,724.11+0.32%

Ethereum24h $4,453.07+3.07%

XRP24h $2.85-0.28%

BNB24h $855.53+0.47%

Solana24h $211.08+0.96%

Dogecoin24h $0.2208+2.89%

TRON24h $0.3408+0.89%

Cardano24h $0.8383+0.41%

Chainlink24h $23.72+1.21%

Hyperliquid24h $45.85+2.17%

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.