Bitcoin24h $94,151.77-1.68%

Ethereum24h $3,405.51+2.37%

XRP24h $2.25+1.95%

BNB24h $691.36+4.24%

Solana24h $190.21+2.73%

Dogecoin24h $0.3218+1.38%

Cardano24h $0.9106+0.70%

TRON24h $0.2518+1.33%

Avalanche24h $38.71+3.61%

Chainlink24h $24.18+4.81%

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.