Bitcoin24h $121,529.43+1.65%

Ethereum24h $4,706.45+4.98%

XRP24h $3.26+0.40%

BNB24h $839.35+1.25%

Solana24h $198.82+5.49%

Dogecoin24h $0.2416+3.40%

TRON24h $0.3604+2.98%

Cardano24h $0.8716+3.81%

Chainlink24h $23.66+0.43%

Hyperliquid24h $46.69+5.97%

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.