Tag: #WazirX
India’s financial ecosystem is staring at a new digital adversary—cryptocurrency. The recently published Digital Threat Report 2024 by CERT-In, CSIRT-Fin, and SISA lays bare an alarming reality: crypto cybersecurity risks in India are not just emerging, they’re accelerating. The report reveals that India saw a 400% increase in crypto-related fraud cases in the past year […]
In a significant development related to the WazirX hack, the Delhi Consumer Commission has dismissed a plea filed by 40 investors affected by the 2022 cyberattack, which resulted in the loss of over ₹7 crore. The court ruled that the issue does not fall under its jurisdiction, as the dispute involves complex financial transactions and […]
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 […]