Bitcoin24h $67,306.39+0.73%

Ethereum24h $2,063.63+0.70%

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XRP24h $1.31-0.07%

Solana24h $80.76+0.67%

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Cardano24h $0.2480+1.09%

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.