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WazirX Co-Founder Nischal Shetty Says All Options Are on the Table for Fund Recovery
30.7.2024
Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges "are going to be crucial," as it remains open to "everything that is possible to help solve this situation."
Coindcx Urges Wazirx to Reconsider Passing 45% Losses to Customers
30.7.2024
The CEO of Indian crypto exchange Coindcx has criticized Wazirx’s approach in response to a recent $230 million cyberattack. Urging Wazirx to take responsibility, he stressed: “Making customers directly absorb the 45% losses is utter nonsense.” Wazirx is working to recover...
Wazirx Says ‘Poll Is Not Final’ — Shares Additional Cyberattack Recovery Plan
29.7.2024
Indian crypto exchange Wazirx has assured users that the poll conducted to gather input for reopening the platform following the recent major cyberattack is not final and “not legally binding upon the users or Wazirx.” Co-founder Nischal Shetty explained that Wazirx “will soon...
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...
Wazirx Details Plan to Resume Withdrawals and Trading — Insists Signers’ Machines Show ‘No Evidence of Compromise’
25.7.2024
Indian crypto exchange Wazirx has provided an update on its progress to enable users to withdraw funds and resume trading on its platform following a cyberattack that caused a loss of over $230 million. “Our preliminary investigation reveals no evidence of compromise on our signers’...
Wazirx Prepares Poll for User Input on Resuming Withdrawals and Trading
24.7.2024
Indian crypto exchange Wazirx is setting up a poll to let customers decide on reopening the platform for withdrawals, deposits, and trading. “Some options have emerged to help with the recovery which we’re exploring,” said Wazirx co-founder Nischal Shetty. “We’re...
Wazirx Offers $23M Bounty to Recover Stolen Assets After Massive Security Breach
21.7.2024
Indian crypto exchange Wazirx has announced a $23 million bounty program to recover assets stolen in a cyberattack on its multisig wallet. Emphasizing community involvement, co-founder Nischal Shetty outlined the rewards for tracking, freezing, and ethically recovering the stolen funds. He insists...
WazirX halts trading, launches bounty program to recover stolen assets
20.7.2024
The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform
WazirX launches bounty program to recover stolen assets
20.7.2024
The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform
India’s WazirX, Zebpay CEOs Collaborate to Debut New Crypto Venture
7.2.2024
Indian crypto veterans Nischal Shetty and Avinash Shekhar have launched their new crypto-INR perpetual futures exchange dubbed ‘Pi42.’ WazirX founder Shetty and erstwhile CEO of Zebpay Shakhar said that the new venture would be one of the most legally compliant exchanges in India. The exchange...
Indian Crypto Exchange Wazirx Calls Binance’s Allegations ‘False and Unsubstantiated’ — Seeks Recourse
9.2.2023
Indian crypto exchange Wazirx has denied the allegations made by Binance regarding the relationship between the two crypto exchanges. Emphasizing that the allegations “are false and unsubstantiated,” Wazirx stressed. “As far as Binance’s actions are concerned, we are taking...
WazirX Co-Founder Nischal Shetty Speaks Out on Spat With Binance CEO
8.8.2022
Shetty said his team has been in discussions with Binance for several months to try and resolve the ownership issue
Binance CEO Warns ‘We Could Disable Wazirx Wallets’ — Advises Investors to Transfer Funds to Binance
7.8.2022
Binance CEO Changpeng Zhao (CZ) has warned that his company could “disable Wazirx wallets on a tech level,” advising anyone with funds on the Indian crypto exchange to transfer them to Binance. The warning numerous tweets by CZ and Wazirx’s founder regarding whether Binance...
Omar Syed and Nischal Shetty of WazirX Reveal a Crypto Project Named Shardeum
3.2.2022
Crypto entrepreneurs Omar Syed and Nischal Shetty recently announced a new platform called Shardeum. Both Nischal and Omar have also worked on WazirX, which holds a major portion of the crypto market in South Asia. Shardeum will be an EVM-compatible sharded network with robust security, complete...
Indian Crypto Bill: Exchange CEO Discusses What to Expect
6.12.2021
There are reports that the Indian government may impose restrictions on self-custodial cryptocurrency wallets and only allow Indian crypto exchanges. The CEO of a major cryptocurrency exchange in India has shared his thoughts on the possible restrictions. The Indian government has listed...
India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering Case
12.6.2021
India’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initiated “on the basis of the ongoing money-laundering investigation into...
Bitcoin Tops $11,000 Reigniting Interest in India
30.7.2020
A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading. A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing...
‘How to Buy Bitcoin in India’: Crypto Exchange Offers Rewards for Videos in All Indian Languages
15.7.2020
Indian cryptocurrency exchange Wazirx is offering rewards for videos about how to buy bitcoin or other cryptocurrencies in India in all Indian languages, including Hindi, Tamil, Gujarati, Marathi, Kannada, Bengali, and Telugu. News.Bitcoin.com caught up with Wazirx CEO Nischal Shetty to find...
Naimish Sanghvi (CoinCrunch) AMA with Nischal Shetty (WazirX): Key Highlights
1.6.2020
Sundays are meant for detox and not regretting about spending it lazily on the couch! During this lockdown period owing to COVID-19, people have constantly been connecting through various social media platforms and reaching out to the masses. Meanwhile, we have witnessed immense recognition...
“Tokenization” is the Next Big Thing; Nischal Shetty
20.5.2020
The monetary industry is making progressive moves to encourage new and more secure payment methods. The concept of Tokenization holds a notable promise to tackle the need of the hour, the idea of “Secured Payment Methods.” The CEO of India’s most trusted crypto exchange platform, Nischal Shetty...