13 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 […]
Industry-specific cybersecurity statistics reveal sharp differences across sectors. Healthcare suffers the highest breach costs, finance faces phishing and API abuse, manufacturing battles ransomware and backdoors, and education deals with severe downtime. Retail and hospitality endure seasonal and third-party risks, while auto services face point-of-sale and AI-driven attacks. Each industry needs tailored defenses, not generic cybersecurity […]