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Tag: #WazirxCyberattackResponse
WazirX Restructuring 2025 Update: Extended Court Relief, Panama Move, and Token-Based Recovery Plan
June 25, 2025
WazirX restructuring 2025 update begins with a crucial shift – the Singapore High Court has granted WazirX additional time to push its revised plan after legal hurdles stalled the original proposal. This move gives the exchange temporary relief from creditor action and allows it to move crypto operations to a newly formed Panama-based entity. While […]
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Wazirx Cyberattack Response Criticized by Coindcx CEO
July 30, 2024
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 […]
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