Partnered With:

WazirX restarts rupee withdrawals, 33% of balance can be withdrawn in the first phase

BlockBeats news, on August 26, the crypto trading platform WazirX said that the first phase of Indian rupee INR withdrawals (has been opened, and all eligible users can withdraw up to half of the available limit of 66% of their INR balance.

In addition, the platform has also reduced the withdrawal fee by 60%, from INR 25 to INR 10, to simplify the withdrawal process. Yesterday, WazirX released a security incident update and will consider taking a restructuring path to resolve the current problem. More details will be disclosed this week.

"We believe that this direction is in the best interests of platform users. The main goal is to help users recover as much money as possible. In addition, various legal avenues and bounty programs are being actively sought to recover stolen assets. Remember, this is not bankruptcy or liquidation-those avenues will take several years to resolve. Encourage everyone to focus on achieving the most effective and rapid solution through restructuring."

Source

Correction/Report

RelatedRecommended

Exclusive | India WazirX trading platform CEO: India's Supreme Court ruling will open the door to encryption technology for 1 billion people

Media: Singapore Dollar Coin project for fraud, WazirX CEO and others' were 'targeted'

Real-time tracking | India's largest trading platform WazirX was hacked, and hackers are selling stolen assets in large quantities

The main assets sold include SHIB, ETH, MATIC, PEPE, etc., with a total amount exceeding US$230 million

Rhythm Evening News｜A list of important information in the crypto industry on July 18

1. WazirX's stolen assets are worth more than $230 million. The reason for the attack may be the leakage of the private key of the multi-signature wallet administrator 2. TON Foundation will launch TON Teleport, aiming to connect Bitcoin and TON ecosystem 3. Polygon plans to convert MATIC to POL on September 4 4. ether.fi Foundation launches the staking function of ETHFI tokens and launches the ETHFI token repurchase plan 5. Sei Foundation launches a $50 million Japanese ecosystem fund

Rhythm Evening News｜A list of important information in the crypto industry on July 19

1. CVX, PENDLE, and LINK rank top three on the Ethereum network capital inflow list 2. The US Bitcoin ETF has had net inflows for 10 consecutive trading days, totaling $2.052 billion 3. The Layer3 Foundation is about to release the initial L3 token allocation checker 4. Fuel plans to launch the mainnet in early Q4, and the testnet snapshot has been completed 5. The WazirX platform was attacked, with a loss of more than $230 million

On-Chain Activity

9min ago

South Korean government convenes emergency meeting to inspect market conditions.

Hedge fund Samlyn liquidates all stocks except financials, cuts senior analysts.

CZ reminds users to update their iOS systems promptly: Self-custody means taking responsibility for yourself.

'Machi' Liquidated Again, Funds from Selling 15 NFTs Depleted in 4 Days

Correction/Report

Submit

Add Library

Visible to myself only

Public

Save

Choose Library

Add Library

Cancel

Finish

WazirX restarts rupee withdrawals, 33% of balance can be withdrawn in the first phase

A trader went long on Micron before its plunge last night and is now sitting on an unrealized loss of $3.12 million.

'Machi' Liquidated Again, Funds from Selling 15 NFTs Depleted in 4 Days

A certain smart money leveraging long on US stocks lost $8.01 million in the past 30 days.

Anthropic pre-market contracts drop over 8%, largest short whale sees floating profit of $3.76 million