Tag: #CryptoExchange
In July 2025, CoinDCX suffered a targeted cyberattack that led to a loss of $44 million. The attackers breached a backend server tied to the company’s internal liquidity provisioning system—an infrastructure used to manage token swaps, ensure trading liquidity, and facilitate order book stability. This wasn’t a wallet or front-end login breach. Instead, the hackers […]
WazirX debt resolution 2025 marks a pivotal moment in the exchange’s recovery journey, securing over 93% creditor approval following its $230 million cyberattack. In an official blog post dated April 7, the exchange announced that its proposed credit restructuring scheme secured 93.1% approval from voting creditors—well above the minimum statutory requirements under Singapore law. This […]
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 […]