Bitcoin24h $108,935.98+3.70%

Ethereum24h $2,575.73+3.72%

XRP24h $2.40+2.44%

BNB24h $658.37+2.14%

Solana24h $173.02+3.99%

Dogecoin24h $0.2329+5.99%

Cardano24h $0.7658+4.94%

TRON24h $0.2727+0.53%

Sui24h $3.97+3.15%

Chainlink24h $16.14+4.14%

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.