Bitcoin24h $77,679.28-0.41%

Ethereum24h $2,319.84-0.40%

XRP24h $1.42-0.83%

BNB24h $626.47-0.79%

Solana24h $85.47-1.17%

TRON24h $0.3235-0.16%

Dogecoin24h $0.0979-0.52%

Hyperliquid24h $42.49+2.98%

UNUS SED LEO24h $10.37+0.87%

Cardano24h $0.2478-1.45%

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.