Bybit Faces Historic Withdrawals—350K Requests and Counting

February 22, 2025 Bitcoin.com

bitcoin.com

Bybit scrambled to process over 350,000 withdrawal requests after a massive hack, with executives calling it possibly the worst financial breach ever. Bybit in Crisis Mode—350,000 Withdrawals Flood the System Ben Zhou, CEO of crypto exchange Bybit, provided an update on social media platform X on Feb. 21 regarding the company’s response to a recent […]

T3 Financial Crimes Unit Freezes Million Linked to Bybit Hack

T3 Financial Crimes Unit Freezes $9 Million Linked to Bybit Hack

Robinhood Crypto Launches Crypto Transfers for European Users

October 2, 2024 Bitcoin.com

Bitcoin

Robinhood Crypto has introduced a major new feature for European users, allowing them to deposit and withdraw over 20 different cryptocurrencies. The new crypto transfer service includes a limited-time 1% deposit match. With this launch, the platform also reinforces its focus on self-custody, security, and decentralized finance (defi) accessibility. Robinhood Crypto Rolls Out Crypto Transfers […]

T3 Financial Crimes Unit Freezes $9 Million Linked to Bybit Hack

Wazirx Fast-Tracks INR Withdrawals but Users Face 6-Month Crypto Trading Delay

September 4, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months. Wazirx Expedites INR Withdrawals Amid Post-Hack Restructuring Efforts […]

T3 Financial Crimes Unit Freezes $9 Million Linked to Bybit Hack

Wazirx Begins INR Withdrawal Phase 1: Users Can Withdraw Up to 33%

August 26, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has initiated the first phase of INR withdrawals, permitting eligible users to withdraw up to 33% of their INR balances. Co-founder Nischal Shetty noted that the timeline for the second phase remains uncertain due to several internal factors that need to be addressed. Wazirx Launches Phase 1 of INR Withdrawals Indian […]

T3 Financial Crimes Unit Freezes $9 Million Linked to Bybit Hack

Wazirx Founder Denies Remaining Assets Are Gone, Warns About New Fake Account Trend

August 25, 2024 Bitcoin.com

Assets

Wazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention. He also promised to share Wazirx’s Proof of Reserves (PoR) after a new […]

T3 Financial Crimes Unit Freezes $9 Million Linked to Bybit Hack

Wazirx to Resume INR Withdrawals Up to 66% — Crypto Withdrawals Remain Suspended

August 23, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has announced that INR withdrawals will resume in phases starting on Aug. 26, following a cyberattack that disrupted services. To manage crypto balances, Wazirx plans to implement a Singapore Scheme of Arrangement to facilitate the distribution of crypto assets. INR withdrawals will occur in two stages, allowing users to access up […]

T3 Financial Crimes Unit Freezes $9 Million Linked to Bybit Hack

WazirX restores balances post-hack, withdrawal timeline unclear

August 17, 2024 Coin Telegraph

$234 million

The delay in withdrawals has impacted individual investors and raised concerns about the overall security and reliability of cryptocurrency exchanges.

Nearly a month after a massive hack rocked the WazirX exchange, resulting in the loss of $234 million of investors’ funds in the Indian crypto exchange’s Safe Multisig wallet, the platform has restored investor balances.

Despite this progress, there is still no clarity on when users will be able to withdraw their funds, leaving many frustrated and anxious.

In an update on Aug. 16, WazirX stated they are working on two main issues: finding a solution for Indian Rupee (INR) balances and resolving issues related to cryptocurrency balances.

T3 Financial Crimes Unit Freezes $9 Million Linked to Bybit Hack

Binance to Convert Delisted Crypto to USDC — Advises Users to Withdraw Affected Tokens Before Deadline

August 14, 2024 Bitcoin.com

Binance

Crypto exchange Binance has announced the conversion of several delisted tokens into stablecoin USDC. Users are advised to withdraw affected crypto tokens by Sept. 1, as they will no longer be accessible afterward. After this date, withdrawals of the delisted tokens will no longer be supported, and users will not be able to transfer them […]

T3 Financial Crimes Unit Freezes $9 Million Linked to Bybit Hack

Okx Ceases Crypto Trading Services in Hong Kong — Users Advised to Withdraw Assets

May 25, 2024 Bitcoin.com

Bitcoin

Cryptocurrency exchange Okx has decided to withdraw its virtual asset service provider (VASP) license application in Hong Kong. As a result, Okx will stop offering centralized virtual asset trading services to Hong Kong residents by May 31, 2024. The exchange stressed that customer funds remain secure, and withdrawal services will continue unaffected. Okx’s web3 (self-hosted […]

T3 Financial Crimes Unit Freezes $9 Million Linked to Bybit Hack

Bank Withdrawal Access Denied To Thousands in Australia As Customers Forced To Move 500 Miles To Get Cash: Report

April 21, 2024 The Daily Hodl

bank

A group of banking customers in Australia are feeling the repercussions of a shift toward a cashless society, according to a new report. 4,500 Residents living in the town of Kununurra are now facing a 500 mile journey to the closest bank, reports Yahoo Finance. The town, located in Western Australia, used to have brick-and-mortar […]

The post Bank Withdrawal Access Denied To Thousands in Australia As Customers Forced To Move 500 Miles To Get Cash: Report appeared first on The Daily Hodl.

Withdrawals

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