Tag: #CryptoNews
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 […]
On August 9, 2024, cryptocurrency firm Unicoin experienced a significant cyberattack that resulted in a four-day lockout from essential Google services. The breach targeted Unicoin’s Google G-Suite account, impacting all employees with “@unicoin.com” email addresses. The attack led to unauthorized changes in passwords and severely disrupted internal operations by rendering crucial tools like Gmail and […]
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 […]