6 search results for: wazirx
The CEO of Indian crypto exchange Coindcx has strongly criticized Wazirx’s cyberattack response after the platform recently suffered a massive $230 million breach. Sumit Gupta, CEO of Coindcx, voiced his concerns on social media platform X, condemning Wazirx’s decision to pass 45% of the losses onto its customers. “Making customers directly absorb the 45% losses […]
WazirX, a leading cryptocurrency exchange, has approached its former partner Binance for assistance following a devastating $230-million cyberattack. Industry sources reveal that Binance holds significant control over WazirX’s revenue and WRX tokens, which has complicated WazirX’s ability to reimburse affected customers. As of July 18, the date of the hack, Binance held WRX tokens worth […]
India’s financial ecosystem is staring at a new digital adversary—cryptocurrency. The recently published Digital Threat Report 2024 by CERT-In, CSIRT-Fin, and SISA lays bare an alarming reality: crypto cybersecurity risks in India are not just emerging, they’re accelerating. The report reveals that India saw a 400% increase in crypto-related fraud cases in the past year […]