Search
Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses Public
26.9.2024
Indian crypto exchange Wazirx has secured a four-month moratorium granted by a Singapore court, providing time for the company to address its financial obligations while crafting a resolution plan. Wazirx explained that as part of the court’s conditions, it will “make wallet addresses...
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 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...
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...
Crypto Exchange Okx Shuts Down Services in India Due to Regulations — Advises Users to Withdraw All Funds
22.3.2024
Cryptocurrency exchange Okx has notified its users in India that the platform is shutting down services in the country “due to local regulations.” The exchange has advised users in India to “withdraw all funds” from their accounts by the end of April. The Indian government...
India’s FIU Ban: Local Players Offer Haven for Binance, OKX Users
16.1.2024
Source: Adobe / promesaartstudio Following the recent ban by India’s Ministry of Finance Financial Intelligence Unit (FIU) on offshore crypto exchanges like Binance, OKX, and others, Indian crypto exchanges are stepping in to offer solutions to affected users. The FIU’s move...
Indian Crypto Exchanges Expect Clear Regulations Following G20 Declaration
15.9.2023
The recent push by G20 members to establish a global framework to regulate crypto has sent a wave of optimism among Indian crypto firms and investors.
India’s intention to work with global consensus on regulating the crypto industry has come as good news for domestic crypto exchanges, which have...
Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump
29.8.2023
Indian crypto exchanges like CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS
Indian Crypto Exchanges Are in Survival Mode, Trying to Extend Their Runways
29.5.2023
India’s CoinDCX, CoinSwitch, WazirX, BuyUCoin, ZebPay and Giottus all think they'll survive the current bear market – here’s how
India’s Tax Authority Asks Crypto Exchanges for Details of Coins Traded on Their Platforms
1.11.2022
India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the taxability of crypto transactions to determine if the goods and services tax (GST) can...
Binance Sees Record Increase in Indian Users After Government Starts Imposing New Crypto Tax
15.9.2022
The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect. Binance Sees...
Indian Authorities Search Crypto Exchange Coinswitch Kuber — CEO Says It’s Not Related to Money Laundering
27.8.2022
India’s Enforcement Directorate (ED) has conducted searches at five premises linked to popular cryptocurrency trading platform Coinswitch Kuber. The company says its engagement with the ED was not related to any money laundering inquiry. The federal agency recently froze the assets of...
Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect
5.7.2022
Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges saw volumes dropping by about 80%. Crypto Trading Volumes Fall Across India The trading...
Indian Crypto Exchanges Disable UPI, Other Payment Options
14.4.2022
A number of cryptocurrency exchanges in India are disabling rupee deposits, particularly payments using the Unified Payments Interface (UPI) system. This followed a statement issued by the National Payments Corporation of India (NPCI) regarding the usage of the UPI system by crypto exchanges....
Indian crypto exchanges' volume plunges down as 30% tax goes into effect
12.4.2022
Payment services providers have also cut ties with major crypto exchanges even when the same is available for gambling and fantasy sports platforms
Indian Authorities Raid Cryptocurrency Exchanges for Tax Evasion
1.1.2022
India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been detected by DGGI.” Tax Authorities Say Cryptocurrency Exchanges Have Been...