WazirX Updates: Balances Reinstated But Withdrawals Remain a Mystery
In the ever-evolving landscape of cryptocurrency exchanges, the security of investor funds remains a paramount concern The recent incident involving the substantial hack of the WazirX exchange, leading to a loss of approximately Rs 2000 crore (about $230 million) of investor's money, underscores this vulnerability Nearly a month after this unsettling event, while WazirX has reinstated access to investor accounts, the continued suspension of fund withdrawals has left many in a state of uncertainty This development poses several questions about the balance between operational security and user trust within the crypto exchange sphere Following the hack on July 18, which saw the compromise of one of WazirX's multi-sig wallets—holding over 45% of total investor funds—the exchange underwent an extended period of suspended operations...
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