Bitcoin24h $96,517.28+0.23%

Ethereum24h $2,754.66+2.84%

XRP24h $2.55-0.74%

BNB24h $668.29+2.97%

Solana24h $170.64-0.36%

Dogecoin24h $0.2444+0.99%

Cardano24h $0.7700+0.41%

TRON24h $0.2403+0.88%

Chainlink24h $17.76+1.70%

Avalanche24h $25.68+2.18%

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.