Archive for the ‘Crypto’ Category

WazirX halts trading after $230 million ‘force majeure’ loss

WazirX, one of India’s largest cryptocurrency exchanges, has “temporarily” suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security breach. The Mumbai-based exchange said in a tweet Sunday evening that the cyber attack had substantially impaired its ability to maintain the critical 1:1 collateral […] © 2024 TechCrunch. All rights reserved. For personal use only.

India’s WazirX confirms security breach following a $230M ‘suspicious transfer’

The Mumbai-based firm said one of its multisig wallets had suffered a security breach, and it was temporarily pausing all withdrawals from the platform. © 2024 TechCrunch. All rights reserved. For personal use only.