1. Home
  2. WazirX

WazirX

WazirX plans on launching a decentralized exchange

Coin Telegraph
WazirX plans on launching a decentralized exchange
Centralized Exchange

WazirX founder Nischal Shetty also announced the upcoming introduction of staking services to the centralized cryptocurrency exchange.

Nischal Shetty, the founder of the popular Indian crypto exchange WazirX, announced the company is expanding operations and exploring building a separate decentralized exchange (DEX) that will operate alongside the company's current centralized service.

According to Shetty, the decision to launch a DEX is a response to the July 2024 WazirX hack — which drained the exchange of approximately $235 million in user funds — and should help eliminate the counter-party risk inherent in centralized platforms. The WazirX founder asserted:

The WazirX founder also revealed plans to launch a corresponding DEX token to pay for fees on the platform and provide an instrument for governance.

Read more

Read more
Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Wazirx Security Breach: Liminal’s Analysis Points to Deeper Issues

Bitcoin.com
Wazirx Security Breach: Liminal’s Analysis Points to Deeper Issues
bitcoin.com
Wazirx Security Breach: Liminal’s Analysis Points to Deeper IssuesLiminal Custody has released an update addressing the allegations and misinformation surrounding the Wazirx security breach. The company clarified that while Wazirx blamed it for the incident, the exchange continued using Liminal’s infrastructure to manage user funds. Liminal emphasized it had no control over the wallets in question and criticized Wazirx for not adopting key […]
Read more
Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses Public

Bitcoin.com
Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses Public
addresses
Wazirx Granted 4-Month Moratorium, Will Make Wallet Addresses PublicIndian 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 public via a court affidavit, respond to user queries raised in the […]
Read more
Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Crypto lender Shezmu recovers hacked funds through negotiation

Coin Telegraph
Crypto lender Shezmu recovers hacked funds through negotiation
Blockchain security

Shezmu recovered nearly $5 million in stolen crypto through negotiations with a hacker and agreed to a higher bounty.

Leveraging yield protocol, Shezmu recovered nearly $5 million of stolen funds within hours of successfully negotiating with a hacker.

On Sept. 21, Chaofan Shou, the co-founder of blockchain analytics firm Fuzzland, alerted against a compromised storage vault belonging to Shezmu. While uncertain if the incident was a rug pull or a genuine hack, Shou confirmed that roughly $4.9 million worth of cryptocurrencies was stolen in the process.

Source: Chaofan Shou

Read more

Read more
Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Indian crypto exchange WazirX struggles to recover funds 60 days after hack

Coin Telegraph
Indian crypto exchange WazirX struggles to recover funds 60 days after hack
Coin Telegraph

WazirX’s $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs. 

Two months after hackers managed to steal over $230 million from India-based crypto exchange WazirX, the status of customer funds remains in doubt as the exchange and its custody provider, Liminal, continue to play the blame game.

Both firms continue to accuse the other of being at fault for the breach that allowed the hacker to steal customer funds, and there appears to be no resolution in sight, especially with internal investigations seemingly moving ahead at a snail’s pace.

Most recently, the firm faced legal threats from its customers, with the most notable pursuant being another rival exchange, CoinSwitch. The company initiated legal action against Wazir to recover 2% of its funds worth approximately $6.2 million. 

Source: CoinSwitch

Read more

Read more
Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Binance Rejects Wazirx’s Claims — Denies Responsibility for Hack Consequences

Bitcoin.com
Binance Rejects Wazirx’s Claims — Denies Responsibility for Hack Consequences
Binance
Binance Rejects Wazirx’s Claims — Denies Responsibility for Hack ConsequencesCrypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx’s management under Zanmai and Zettai, not Binance. Rejecting claims from co-founder Nischal Shetty, Binance maintains it “bears no responsibility […]
Read more
Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Binance Issues Statement, Denies Involvement in $230,000,000 Hack of Crypto Exchange WazirX

The Daily Hodl
Binance Issues Statement, Denies Involvement in 0,000,000 Hack of Crypto Exchange WazirX
Binance
Binance Issues Statement, Denies Involvement in 0,000,000 Hack of Crypto Exchange WazirX

The world’s leading cryptocurrency exchange by trading volume is distancing itself from a cyberattack that recently compromised the WazirX trading platform. In a statement released today, Binance said that it has never owned, controlled, or operated WazirX and that it was not involved in the compromised wallet, contrary to speculation. “The WazirX team and Nischal […]

The post Binance Issues Statement, Denies Involvement in $230,000,000 Hack of Crypto Exchange WazirX appeared first on The Daily Hodl.

Read more
Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Liminal Says Grant Thornton Confirms Its Security Amid Wazirx Breach Concerns

Bitcoin.com
Liminal Says Grant Thornton Confirms Its Security Amid Wazirx Breach Concerns
audit
Liminal Says Grant Thornton Confirms Its Security Amid Wazirx Breach ConcernsGrant Thornton’s review of Liminal’s infrastructure revealed no signs of any security breach within its frontend or backend systems, according to Liminal. Following a breach at Wazirx that resulted in the theft of over $230 million, internal and third-party investigations at Liminal identified a data discrepancy, though no security vulnerability was uncovered. The company emphasized […]
Read more
Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

WazirX Hacker Continues To Launder Stolen Ethereum (ETH) Through Crypto Mixer Tornado Cash: PeckShield

The Daily Hodl
WazirX Hacker Continues To Launder Stolen Ethereum (ETH) Through Crypto Mixer Tornado Cash: PeckShield
Daily Hodl
WazirX Hacker Continues To Launder Stolen Ethereum (ETH) Through Crypto Mixer Tornado Cash: PeckShield

The hacker who plundered more than $230 million worth of crypto assets from the Indian exchange WazirX in July continues to launder their stolen Ethereum (ETH), according to the blockchain security firm PeckShield. PeckShield notes an address associated with the hacker transferred 5,000 ETH worth approximately $12 million to a new wallet on Thursday. That […]

The post WazirX Hacker Continues To Launder Stolen Ethereum (ETH) Through Crypto Mixer Tornado Cash: PeckShield appeared first on The Daily Hodl.

Read more
Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Crypto Exchange Hacker Moves $6,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield

The Daily Hodl
Crypto Exchange Hacker Moves ,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield
Daily Hodl
Crypto Exchange Hacker Moves ,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield

An address connected to the hack of Indian crypto exchange WazirX is suddenly moving millions of dollars in Ethereum (ETH), according to the cybersecurity firm PeckShield. PeckShield says that the hacker transferred the ETH stash to Tornado Cash, a coin-mixing service that facilitates anonymous digital asset transactions. “WazirX Exploiter-labeled address has transferred 2600.1 ETH (worth […]

The post Crypto Exchange Hacker Moves $6,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield appeared first on The Daily Hodl.

Read more
Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

WordPress Theme by cactus.com
Close

Share this video