WazirX

In the aftermath of a devastating $230 million cyberattack in July 2024, WazirX, one of India’s largest cryptocurrency exchanges, on Friday announced plans to resume Indian Rupee (INR) withdrawals and restructure its cryptocurrency holdings. What Happened: This announcement comes after weeks...

Shiba Inu‘s (CRYPTO: SHIB) burn rate shot up significantly in the last 24 hours even as the memecoin faced intense selling presure from the sale of tokens stolen from Indian cryptocurrency exchange WazirX. What Happened: Nearly 52 million SHIB tokens were kicked out of circulation, according...

WazirX Vice President Rajagopal Menon on Thursday described as a “force majeure event beyond our control,” the cyber attack on one of its multisignature wallets resulted in a loss exceeding $230 million. What Happened: In statement to Benzinga, Menon stated that the attack targeted a...

The exploiter behind the Indian crypto exchange WazirX hack has sold 5.43 trillion SHIB for 26,535 ETH, valued at $92 million. What Happened: Despite the large sale, the price drop of Shiba Inu (CRYPTO: SHIB) was mitigated by market makers such as Wintermute, who bought SHIB from decentralized...

Indian cryptocurrency exchange WazirX has reportedly been hacked, resulting in losses exceeding $230 million. What Happened: The incident, revealed by blockchain investigator ZachXBT on Thursday, identifies the main theft address as 0x04…1a88. The attacker currently holds over $100 million...

Nischal Shetty, a software engineer who embarked on an entrepreneurial journey, introduced the layer 1 blockchain network Shardeum in February 2022. Shardeum claims to be a pioneering, linearly scalable layer 1 blockchain network that will directly confront the Ethereum blockchain, pledging to...

Floki (CRYPTO: FLOKI) is surging 6% in the last 24 hours. This puts it head and shoulders above some of the top five meme cryptocurrencies by market capitalization, such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: The rise in FLOKI’s price comes after the meme...

Indian cryptocurrency exchange WazirX reportedly laid off 40% of its workforce, citing a global economic slowdown.  According to a report, 50 to 70 employees of the 150 workers at the exchange were asked to leave the company.  The employees were told they no longer needed to report...

Online brokerage platform Robinhood Markets Inc (NASDAQ: HOOD) announced on Tuesday the listing of the second-largest stablecoin by market capitalization, USD Coin (CRYPTO: USDC), on its platform. Robinhood also began listing Cardano's native cryptocurrency (CRYPTO: ADA) on...

India's anti-money laundering agency has accused a16z-backed crypto exchange CoinSwitch Kuber of violating forex laws, Bloomberg reported, citing sources.  What Happened: India's Enforcement Directorate (ED) carried out searches at five premises of...

Celebrated in 2019 as the first acquisition in the Indian crypto space, the relationship between the two entities is now in question as the Enforcement Directorate (ED) has frozen funds of cryptocurrency exchange WazirX. While the world’s largest crypto exchange by trading volumes...

A day after the Indian Enforcement Directorate (ED) froze assets worth $8.1 million of cryptocurrency exchange firm WazirX as part of a money laundering probe, a Twitter war has broken out between the exchange’s founder Nischal Shetty and Binance CEO Changpeng Zhao, with both claiming that...

The Enforcement Directorate (ED), tasked by the Indian government to probe major financial crimes, announced Friday it had frozen assets worth $8.1 million of cryptocurrency exchange WazirX as part of an investigation into instant personal loan fraud. WazirX Transferred Laundered Money to...

Trading volumes on major Indian cryptocurrency exchanges have declined by 70% after a new transaction tax came into effect on July 1. What Happened: Data shows that exchange volumes plummeted following the imposition of a 1% tax deducted at source (TDS) and 30% income tax on cryptocurrency...

India's largest cryptocurrency exchange WazirX, which is owned by Binance, announced Tuesday it is going live with its non-fungible token, or NFT, marketplace for India and Southeast Asia. What Happened: Announcing the launch of WazirXNFT, founder and CEO Nischal Shetty said in a...