How WazirX Upgrades Security with Multi-Sig Wallets Post $235M Security Breach
In the recent turn of events that caught the eye of cryptocurrency enthusiasts and investors worldwide, WazirX, a leading Indian cryptocurrency exchange, encountered a significant security breach leading to a loss of $235 million The aftermath of this incident has prompted WazirX to elevate its security protocols by transitioning its assets into new multi-sig wallets This strategic move aims to reinforce security measures and restore the trust of its clientele WazirX Moves to Multi-Sig Wallets Post Hack In response to the unfortunate incident that transpired on July 18, WazirX has announced its decision to phase out its partnership with the custodian Liminal in favor of adopting multi-sig wallets The shift towards these advanced security wallets highlights the exchange's commitment to adopting a more cautious operational approach...
Read more