Tag: #Cryptocurrency
WazirX unveils a Scheme of Arrangement to recover from the $234 million cyberattack, ensuring fair asset distribution and future stability. In July 2024, WazirX, one of India’s largest cryptocurrency exchanges, faced a security breach that led to the loss of millions in digital assets. The attack, attributed to North Korean hackers, significantly impacted user funds […]
North Korean hackers, known as the Lazarus Group, have managed to cash out $300 million from the staggering $1.5 billion ByBit hack, marking one of the largest crypto heists ever recorded. The breach, which took place two weeks ago, involved the theft of 401,000 Ethereum (ETH) from the ByBit crypto exchange. Experts now confirm that […]
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 […]