Bitcoin24h $72,157.33+1.45%

Ethereum24h $2,222.13+0.92%

BNB24h $604.25+2.07%

XRP24h $1.34+0.34%

Solana24h $82.80+0.81%

TRON24h $0.3196-0.89%

Dogecoin24h $0.0916+0.46%

Hyperliquid24h $43.49+5.57%

UNUS SED LEO24h $10.13+0.03%

Cardano24h $0.2382-0.52%

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.