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Indian crypto exchange WazirX struggles to recover funds 60 days after hack
19.9.2024
WazirX’s $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs.
CoinDCX introduces protection fund to secure Indian crypto users
7.8.2024
CoinDCX's Crypto Investors Protection Fund will enhance user security by allocating 2% of brokerage income annually to safeguard assets
Wazirx Announces FIR Filing Following Major Cyberattack
6.8.2024
Indian crypto exchange Wazirx has updated users about the recent cyberattack, confirming the filing of a First Information Report (FIR) to address the hack. Cofounder Nischal Shetty emphasized that a police complaint was made the day after the attack. The FIR, filed nearly 20 days later, is part...
Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack
27.7.2024
Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted...
India Maintains Crypto Tax Regulations in 2024/25 Budget
23.7.2024
Indian Finance Minister Nirmala Sitharaman’s 2024-25 Union Budget keeps the existing cryptocurrency tax regulations unchanged, disappointing local crypto advocates. They argue that reducing the 1% tax deducted at source (TDS) is essential for reviving the struggling crypto industry in India....
Wazirx Claims INR Funds Unaffected by Cyberattack, Platform Secure
23.7.2024
Indian crypto exchange Wazirx has provided an update on the recent cyberattack resulting in the theft of over $230 million. Wazirx co-founder Nischal Shetty stated that the exchange is exploring various strategies to restore platform deposits, withdrawals, and trading. He assured users that Indian...
Wazirx: Withdrawals and Trading Paused for All Users, Over 80 Bounty Intents Received Within 24 Hours
22.7.2024
Indian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multisig wallet, resulting in the theft of over $230 million. The exchange has paused deposits, withdrawals, and trading, and launched a $23 million bounty program to recover...
Wazirx Prepares Bounty Program to Recover $230 Million Stolen in Security Breach
20.7.2024
Wazirx co-founder Nischal Shetty has updated the public on the $230 million security breach affecting the Indian crypto exchange. The Wazirx team is preparing a bounty program, engaging with expert teams to trace the stolen funds, and collaborating with other exchanges. “This is...
Indian Crypto Exchange Wazirx Updates on Major Multisig Wallet Hack
18.7.2024
Indian cryptocurrency exchange Wazirx has provided an update on the over $230 million security breach in its multisig wallet, which involved Liminal’s custody services. The exchange detailed the incident and ongoing recovery efforts, promising transparency and further updates. “We have...
Indian Crypto Exchange Wazirx Suspends Withdrawals Amid $230M Security Breach
18.7.2024
Indian crypto exchange Wazirx has announced a security breach affecting one of its multisig wallets, resulting in the theft of over $230 million. Cryptocurrency and INR withdrawals have been halted as the team investigates the incident, with blockchain investigators Zachxbt and Mudit Gupta offering...
Indian Crypto Exchange Hack Sends SHIB, WRX Tumbling as Bitcoin, Tether Trade at Massive Discount
18.7.2024
Most coins, including market leader bitcoin and USDT, are trading at a significant discount on WazirX
Indian crypto exchange falls victim to $235M hack
18.7.2024
WazirX’s Safe Multisig wallet on Ethereum was compromised, with funds moved and converted to Ether
Indian Crypto Exchange Coindcx Going Global With Bitoasis Acquisition
3.7.2024
Indian crypto exchange Coindcx is expanding globally by acquiring the Middle Eastern digital asset platform Bitoasis. This strategic move enhances Coindcx’s presence in the Middle East and North Africa (MENA) region while allowing Bitoasis to retain its branding and leadership, signaling...
Indian Crypto Exchange CoinDCX Acquires BitOasis
3.7.2024
The acquisition will provide a boost to BitOasis' plans to expand its presence across the region
Indian Authority Fines Crypto Exchange Binance $2.25 Million for AML Violations
21.6.2024
India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced...
Indian Finance Minister: Crypto Regulation Needs Global Consensus
20.5.2024
Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions regarding how to treat crypto, there is currently...
Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token
14.5.2024
Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile experience while traversing the Web3 space,...
India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers
11.5.2024
Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the country’s...
India Announces ‘Successful’ Crackdown on E-Nugget Scam — Seizes $10M in Crypto From Exchanges
6.5.2024
India’s Enforcement Directorate has declared its multi-year crackdown on the “E-Nugget” scam in Kolkata successful. The operation has resulted in cash and crypto seizures, along with the arrest of the mastermind. Investigations uncovered numerous dummy accounts and led to...
India’s Digital Rupee Expands: Non-Banks to Offer Central Bank Digital Currency Wallets
6.4.2024
India’s central bank has announced that it will enable non-bank payment system operators to offer central bank digital currency (CBDC) wallets. Noting that “necessary changes will be made to the system to facilitate this,” the Reserve Bank of India (RBI) said the initiative...