Shocking WazirX Update: Dive Deep into Its Latest Crisis
In recent developments within the Indian crypto market, WazirX, a premier digital asset trading platform, has found itself embroiled in controversy following a massive $230 million cryptocurrency theft This incident has not only sent shockwaves through the Indian crypto community but has also raised serious questions about the security measures implemented by digital asset exchanges WazirX Under Siege The security breach, which occurred on July 18, was facilitated by an attack on the exchange's Safe Multisig wallet on the ethereum blockchain The ramifications of this incident have led to WazirX and its infrastructure partner, Liminal, along with other associated entities, facing a petition with the National Company Law Tribunal (NCLT) in India The petition, filed under sections 213(b) and 221 of the Companies Act, 2013, hints at a potential investigation into the alleged mismanagement within the company, with a particular focus on the security lapses that allowed the theft to occur...
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