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Search results for wazirx

FinMin Reveals Crypto Exchanges Evaded GST Worth Rs 824 Crore
2 weeks, 6 days ago

FinMin Reveals Crypto Exchanges Evaded GST Worth Rs 824 Crore

ABP News  

The government found that crypto exchanges evaded goods and services tax worth Rs 824.14 crore, a senior government official said. The Binance group firm, M/s Nest Services Limited, accounted for the largest amount of tax evasion worth Rs 722.43 crore, however, no recovery has been made yet by the finance ministry, reported Business Standard. M/s Zanmai Labs Pvt Ltd, that …

Tax Crypto Crore
I was as explicit as I could be: Binance CEO on WazirX hack
3 weeks ago

I was as explicit as I could be: Binance CEO on WazirX hack

India Today  

Binance CEO Changpeng Zhao addressed WazirX’s $230 million hack from July 2024 on X, highlighting that Binance has no involvement in WazirX’s operations. Meanwhile, following the hack, WazirX founder Nischal Shetty claimed that compensation delays stemmed from Binance’s alleged control over the finances of WazirX’s parent company, Zanmai, whose unresolved acquisition deal caused a strained relationship between the two. Another …

Binance Wazirx Nischal Shetty Zanmai
Bengal man arrested in Rs 2,000 crore crypto heist on WazirX
1 month, 1 week ago

Bengal man arrested in Rs 2,000 crore crypto heist on WazirX

India Today  

The Delhi Police has arrested an individual in connection with the cyberattack on cryptocurrency exchange firm, WazirX, which resulted in losses of around Rs 2,000 crore in digital assets. In a chargesheet filed by the Delhi Police, Alam is accused of opening a WazirX account under the name Souvik Mondal and selling it via Telegram to another individual, M Hasan, …

Crypto Delhi Police Wazirx Chargesheet Liminal Custody Liminal Ifso
India's crypto industry expects Bitcoin surge to boost domestic business
1 month, 1 week ago

India's crypto industry expects Bitcoin surge to boost domestic business

Live Mint  

New Delhi: India’s battered cryptocurrency industry, which has seen retail trading volumes decline by over 90% in the past three years, is cautiously optimistic about the industry’s latest surge. “The exchange-traded funds in the US have further rationalized cryptocurrency investments around the world, and the US’s pro-cryptocurrency stance could boost a more favourable policy approach around the world including in …

India Industry Cryptocurrency Trump Crypto Bitcoin Cryptocurrencies
Two to tango: The return of Bitcoins & Trump
1 month, 1 week ago

Two to tango: The return of Bitcoins & Trump

Live Mint  

As Donald Trump prepares to take charge as president, the talk of the town once again is cryptocurrencies, with analysts saying Bitcoin prices may cross $100,000 soon. Donald Trump’s victory is propelling Bitcoin to new highs almost every day, with the cryptocurrency breaching the $81,000 mark for the first time on Monday. Electric car maker Tesla, the fourth largest holder …

Tesla Trump Indian Bitcoin Regulates Cryptocurrencies
Binance accuses WazirX CEO Nischal Shetty of misleading customers after wallet attack
3 months ago

Binance accuses WazirX CEO Nischal Shetty of misleading customers after wallet attack

The Hindu  

The international cryptocurrency exchange Binance has released a statement distancing itself from the Indian exchange WazirX and accusing CEO Nischal Shetty of misleading customers, after the Indian company’s multi-signature wallet was hacked, leading to the loss of more than $230 million and bringing to light a contentious business relationship between the two exchanges. While WazirX has claimed that it was …

Crypto Indian Users Binance Wazirx Users Wazirx Shetty
India’s Biggest Crypto Hack of 2000 Crores: What WazirX Hack Teaches Us
3 months, 1 week ago

India’s Biggest Crypto Hack of 2000 Crores: What WazirX Hack Teaches Us

ABP News  

Over 50 days have passed since the biggest crypto cyber hack of India- the WazirX hack- that resulted in the theft of Rs 2000 crores worth of cryptocurrencies from the exchange. What has transpired since the July 18 hack of WazirX exchange depicts a classic tale of denial and obfuscation by the exchange management, apathy of the Indian government towards …

Security Financial Crypto Indian Funds User Por
Crypto firm WazirX's security partner says no evidence of cyberattack on its system
3 months, 2 weeks ago

Crypto firm WazirX's security partner says no evidence of cyberattack on its system

India Today  

Liminal Custody, a digital asset custody company, has claimed the cyberattack that hit its security partner and cryptocurrency exchange, WazirX, happened at the latter's end as per audit findings. A comprehensive review of Liminal Custody's web application, including its front end, User Interface and backend was conducted by audit firm Grant Thornton. The audit firm said it did not find …

Crypto Custody Audit Cyberattack Wazirx Liminal Custody Liminal
WazirX Hack: Over $230 Million in stolen Crypto converted to Ether
3 months, 2 weeks ago

WazirX Hack: Over $230 Million in stolen Crypto converted to Ether

The Hindu  

A major part of the more than $230 million in assets stolen from Indian crypto exchange WazirX last month has been converted to Ether, the second biggest cryptocurrency by market capitalisation, according to the crypto tracker Lookonchain. Crypto outlet Coin Desk also reported that a cryptocurrency “mixer” known as Tornado Cash was used to carry out currency transport. In response …

Crypto Wazirx
WazirX pushes for restructuring as the fastest way to resume crypto operations
3 months, 3 weeks ago

WazirX pushes for restructuring as the fastest way to resume crypto operations

The Hindu  

During a digital town hall meeting on Monday, cryptocurrency exchange WazirX and financial advisory solutions company Kroll pushed for seeking a moratorium through the Singapore legal system, even as aggrieved users demanded access to their frozen funds after the July hack that led to the loss of over $230 million. The moratorium would serve to prevent legal action from being …

Binance Wazirx Crypto Exchange
The $230-million WazirX hack: regulatory gap leaves 4 million Indians stranded
3 months, 3 weeks ago

The $230-million WazirX hack: regulatory gap leaves 4 million Indians stranded

Live Mint  

About 4.2 million of WazirX’s 16 million users were struck by a massive hack of the cryptocurrency exchange on 18 July that wiped off 40-50% of their crypto balances. “I had invested approximately ₹1.4 lakh in WazirX around 3-4 years ago, which grew to ₹2 lakh over time… I think about half my money will come back—whether in 1 year …

Singapore Cryptocurrency Kumar Users Gap Hack Exchange
Mudrex crypto exchange obtains court order against scam websites misusing its name
3 months, 3 weeks ago

Mudrex crypto exchange obtains court order against scam websites misusing its name

The Hindu  

The Indian cryptocurrency exchange Mudrex obtained a court order that will direct the Indian government to take down a number of scam websites misusing its name and brand, per its CEO and a report by crypto outlet CoinDesk. The scammers allegedly impersonated real Mudrex employees, lured victims through Telegram by promising them rewards or work, and ran fake investment websites …

India Crypto Indian Our Users Websites Misusing Mudrex
CoinSwitch to file lawsuit against WazirX
3 months, 3 weeks ago

CoinSwitch to file lawsuit against WazirX

New Indian Express  

BENGALURU: Cryptocurrency exchange CoinSwitch, which has Rs 12.4 crore in INR, Rs 28.7 crore in ERC20 tokens, and Rs 39.9 crore in other tokens on WazirX, will take legal action to recover the funds. A cyberattack on WazirX recently led to theft of about Rs 2,000 crore funds. As an exchange aggregator, CoinSwitch maintains a small amount of liquidity on …

Wazirx Coinswitch
WazirX files moratorium application with Singapore court under insolvency act, seeks to restructure liabilities
3 months, 3 weeks ago

WazirX files moratorium application with Singapore court under insolvency act, seeks to restructure liabilities

Live Mint  

Zettai Pte Ltd, the holding company of the cryptocurrency exchange WazirX, posted on X on Wednesday, August 28, that it had filed an application with the High Court of Singapore under Section 64 of the Insolvency, Restructuring and Dissolution Act 2018. WazirX said the period will give it time to develop a restructuring plan that “represents the most efficient way …

Singapore Users Wazirx Zettai
Crypto exchange WazirX faces cyber threats, announces partial INR withdrawals starting from August 26
4 months ago

Crypto exchange WazirX faces cyber threats, announces partial INR withdrawals starting from August 26

Live Mint  

Cryptocurrency exchange WazirX has announced that it will allow INR balance withdrawals from its platform starting August 26. This announcement comes about a month after WazirX was targeted in a cyberattack that compromised one of its multisig wallets holding $230 million in crypto assets, representing nearly 45 percent of the exchange's total holdings. "While the operating entity for INR-related activities, …

Crypto Withdrawal Inr Exchange Wazirx Faces Cyber
WazirX CEO Nischal Shetty shares move to restore account balances and undo all platform trades post-withdrawal halt
4 months, 2 weeks ago

WazirX CEO Nischal Shetty shares move to restore account balances and undo all platform trades post-withdrawal halt

The Hindu  

Indian crypto exchange WazirX announced that all user balances would be restored to what they were on July 18, 1 PM IST, prior to a cyberattack against one of the company’s multi-signature wallets that led to the loss of over $230 million in assets at the time. “After careful consideration of the situation and the feedback received from numerous users, …

India Users Wazirx 1 Pm Ist
WazirX crypto hack | As CEO Nischal Shetty confirms FIR, rival exchange CoinDCX announces ₹50 crore investor protection fund
4 months, 2 weeks ago

WazirX crypto hack | As CEO Nischal Shetty confirms FIR, rival exchange CoinDCX announces ₹50 crore investor protection fund

The Hindu  

As WazirX cryptocurrency exchange users anxiously wait for updates regarding the more than $230 million in assets stolen from a breached multi-signature wallet, rival crypto exchange CoinDCX announced a ₹50 crore Crypto Investors Protection Fund. The company’s CEO Nischal Shetty repeatedly asked users to be patient as the incident was being investigated, and confirmed this week that an FIR had …

Crypto Fund Fir Users Exchange Wazirx Nischal
WazirX registers FIR for $234 million hacking case in New Delhi
4 months, 2 weeks ago

WazirX registers FIR for $234 million hacking case in New Delhi

Live Mint  

Indian Crypto exchange WazirX filed a first information report based on the previous police complaint connected to the cybersecurity attack, which cost the company $230 million in the form of crypto assets. The FIR was filed at PS Special Cell, PS Lodhi Colony in New Delhi, according to WazirX's post on the social media platform X on Tuesday, August 6. …

Crypto New Delhi Fir Complaint Filed Wazirx
Crypto industry wants Wazir X to reconsider its recovery plan after $230 million loss
4 months, 3 weeks ago

Crypto industry wants Wazir X to reconsider its recovery plan after $230 million loss

New Indian Express  

BENGALURU: Crypto exchange WazirX's proposed plan to socialise its loss has not gone down well with the crypto industry, which wants it to reconsider the approach. WazirX recently faced a security breach leading to a $230 million loss and said, "We are implementing a fair and transparent socialized loss strategy to distribute the impact across all users equitably." Vikram Subburaj, …

Loss Wazirx Breach Crypto Assets
WazirX crypto exchange hack: how much of the assets was lost, CEO Nischal Shetty’s announcement, and what happens next
4 months, 3 weeks ago

WazirX crypto exchange hack: how much of the assets was lost, CEO Nischal Shetty’s announcement, and what happens next

The Hindu  

Indian crypto exchange WazirX said approximately 45% of its crypto assets was affected by a cyber attack on July 18 that led to the loss of more than $230 million from one of its wallets. “As of June 10, 2024, at 6:30 PM, WazirX’s total holdings stood at an impressive ₹4,203.88 Crores, marking a staggering 79% surge compared to the …

Crypto Assets Exchange Wazirx Shetty Let Users
Today’s Cache | WazirX’s post-hack woes continue; Elon Musk shares Kamala Harris deepfake; TikTok collected U.S. users’ views
4 months, 3 weeks ago

Today’s Cache | WazirX’s post-hack woes continue; Elon Musk shares Kamala Harris deepfake; TikTok collected U.S. users’ views

The Hindu  

WazirX’s post-hack woes continue More than one week after a hack that led to the theft of over $230 million in crypto assets from a multi-signature wallet, the Indian crypto exchange WazirX is struggling with the issue of resuming normal operations. Elon Musk shares Kamala Harris deepfake Experts are looking into the impact of AI-generated videos and audio in the …

Elon Musk Kamala Harris Tiktok Users Wazirx Crypto Exchange
WazirX crypto exchange hack and its bounty programme: what it means to India’s crypto investors?
4 months, 3 weeks ago

WazirX crypto exchange hack and its bounty programme: what it means to India’s crypto investors?

The Hindu  

On July 18, Indian cryptocurrency exchange WazirX was hit by a cyberattack that led to a loss of digital assets worth more than $230 million from one of its wallets. “The impact of the over $230M cyberattack is on the digital assets of our customers,” said WazirX in a blog post, adding that INR funds were not affected. But Liminal, …

India Crypto Indian North Korea Assets Funds Programme
WazirX Signers' Machine Not Compromised In $235-Million Breach, Findings Report Claims Liminal’s Infrastructure Was Likely Vulnerable
4 months, 4 weeks ago

WazirX Signers' Machine Not Compromised In $235-Million Breach, Findings Report Claims Liminal’s Infrastructure Was Likely Vulnerable

ABP News  

WazirX has come out with a report on initial findings in the aftermath of the July 18 cyberattack. WazirX's report, dated July 25, states, "Our preliminary findings have not found any evidence that WazirX signers’ machines were compromised.” The exchange's team is continuing a detailed forensic analysis and plans to disclose complete findings once the investigation is concluded. Liminal Likely …

Report Breach Liminal Wazirx Signers Vulnerable Wazirx Transactions Crypto
WazirX crypto exchange halts deposits and withdrawals after $230 million hack; reported incident to Indian regulators
5 months ago

WazirX crypto exchange halts deposits and withdrawals after $230 million hack; reported incident to Indian regulators

The Hindu  

Indian cryptocurrency exchange WazirX said that it had reached out to the Indian police, the Financial Intelligence Unit India, CERT-In, and over 500 other exchanges in order to respond to a hack of its wallet that led to the theft of more than $230 million. “On July 18, 2024, WazirX experienced a cyber attack on one of our multisig wallets, …

India Crypto Indian Exchange Wallet Wazirx Reported Incident