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 […]
In today’s digital age, the focus on cybersecurity measures on customer trust and brand reputation is more critical than ever. With the cybersecurity market expected to reach US$183.10 billion in 2024, businesses must prioritize robust security strategies to protect sensitive data and uphold their brand reputation amidst rising cyber threats and data breaches. Cybersecurity is crucial […]