Indian crypto exchange WazirX struggles to recover funds 60 days after hack
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
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Author: Shiraz Jagati
