Trading volume on WazirX surges to over $400 mn in March 2024
8 months ago

Trading volume on WazirX surges to over $400 mn in March 2024

New Indian Express  

BENGALURU: Crypto exchange WazirX has witnessed the highest trading volume of over $400 million in March 2024, and in December 2023, it saw the highest sign-up rates. WazirX on Tuesday published its sixth Transparency Report for the period of October 2023 to March 2024, and it said trading volume saw an increase of 217% compared to the previous six months and new user registrations grew by 122%. Through proactive collaboration with regulators, law enforcement agencies, industry bodies and other stakeholders, we are paving the way for positive regulations that can unlock the transformative potential of blockchain and crypto technologies across sectors.” He added that in the months to come, the exchange will continue establishing robust security protocols, engaging with policymakers to build an appropriate regulatory framework, and promoting crypto literacy. From the beginning of this year, Indian crypto exchanges have started witnessing record high trading volumes and also user registrations.

Trading Volume Wazirx  400  trading  crypto  2024  report  volume  registrations  law  mn  surges  enforcement  wazirx  saw  user

History of this topic

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’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 …

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 …

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 …

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 …

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 …

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, …

WazirX security breach: How did hackers steal $230 million in crypto?
5 months ago

WazirX security breach: How did hackers steal $230 million in crypto?

Firstpost  

Indian crypto exchange WazirX has temporarily paused all trading after hackers stole $230 million in funds on Thursday. Experts say the cybercriminal group Lazarus – which is affiliated with North Korea – could be behind the attack With 16 million customers, WazirX is one of India's most prominent crypto exchanges. Economic Times quoted Liminal as saying, “Our preliminary investigations show …

Indian crypto exchange WazirX hit by security breach leading to user fund loss and $230 million in withdrawals
5 months ago

Indian crypto exchange WazirX hit by security breach leading to user fund loss and $230 million in withdrawals

India Today  

Indian cryptocurrency exchange WazirX has faced a massive security breach. The crypto exchange has confirmed that the breach led to loss of user funds and $230 million in withdrawals. WazirX has shared the affected wallet address: 0x27fD43BABfbe83a81d14665b1a6fB8030A60C9b4 Screenshot: X/@lookonchain “The cyber attack stemmed from a discrepancy between the data displayed on Liminal's interface and the transaction's actual contents. Liminal Custody …

India's crypto woes persist despite Bitcoin surge
9 months, 1 week ago

India's crypto woes persist despite Bitcoin surge

Live Mint  

NEW DELHI : Indian cryptocurrency exchanges are only reaping partial benefits from the recent sharp rise in Bitcoin prices. Crypto exchange WazirX’s daily average trading volume recovered to $3.4 million in February from about $780,000 in September, show data from consultancy firm Crebaco Global. On Wednesday, WazirX’s daily crypto trades were at $13.2 million, the first time since May 2022 …

Indian crypto exchange WazirX publishes proof of reserves
1 year, 11 months ago

Indian crypto exchange WazirX publishes proof of reserves

The Hindu  

Indian crypto exchange WazirX has published its proof of reserves, or data that shows the assets it holds, according to a company press release on Wednesday. The crypto exchange that serves over 15 million customers shared that its total holdings equalled around 284.82 million USDT, via the Coin Gabbar analytics platform. By total value and percentage of holdings, WazirX’s top …

Crypto Investors Panic As India Plans To Bar Private Cryptocurrencies
3 years ago

Crypto Investors Panic As India Plans To Bar Private Cryptocurrencies

ABP News  

Mumbai: The crypto exchanges in India have requested the investors not to get into panic selling after investors started selling cryptocurrencies, leading some of the leading exchanges to crash. Crypto markets crashed following news of the central government introducing a Bill in Parliament to prohibit all private cryptocurrencies, barring a few, to “promote the underlying technology of cryptocurrency and its …

WazirX Money Laundering Case: ED Issues Notice For Crypto Transactions Worth Rs 2,790 Cr
3 years, 6 months ago

WazirX Money Laundering Case: ED Issues Notice For Crypto Transactions Worth Rs 2,790 Cr

ABP News  

New Delhi: The famous cryptocurrency exchange WazirX, along with its directors Nischal Shetty and Sammer Hanuman Mhatre experienced a big blow on Friday in the form of a show cause notice by the Information Directorate, under Foreign Exchange Management Act, 1999,. The notice was issue regarding transactions involving cryptocurrency worth Rs 2,790.74 crore. The official twitter handle of ED on …

WazirX Gets ED Notice for Cryptocurrency Transfer Worth Rs 2,791 crore
3 years, 6 months ago

WazirX Gets ED Notice for Cryptocurrency Transfer Worth Rs 2,791 crore

News 18  

The Enforcement Directorate issued a show cause notice to WazirX, the largest crypto exchange in India for transactions worth over Rs 2,790 crore in alleged violation of the Foreign Exchange Management Act. A notice was sent to the popular cryptocurrency exchange and its directors Nischal Shetty and Sameer Mhatre “for contravention of the Foreign Exchange Management Act, 1999,” ED said. …

WazirX gets ED notice over Rs 2790 crore crypto transaction, company says hasn't received it yet
3 years, 6 months ago

WazirX gets ED notice over Rs 2790 crore crypto transaction, company says hasn't received it yet

India Today  

The Enforcement Directorate has issued a show-cause notice to India’s leading cryptocurrency exchange platform WazirX and its directors Nischal Shetty and Sameer Mhatre under the Foreign Exchange Management Act 1999, for transactions involving cryptocurrencies worth Rs 2,790.74 crore. “ED has issued Show Cause Notice to WazirX Crypto-currency Exchange for contravention of FEMA, 1999 for transactions involving crypto-currencies worth Rs. “During …

From Currency to Digital Assets: WazirX Founder Talks Crypto Policy, Regulation in India
3 years, 6 months ago

From Currency to Digital Assets: WazirX Founder Talks Crypto Policy, Regulation in India

News 18  

Cryptocurrency in India has seen a clear boost in recent times, with increasing interest among consumers to join the bandwagon. It took three years for WazirX, from March 2018 to 2021, to reach 2 million users – in just April 2021, it added 1.1 million users. All of these have contributed to significant growth – with WazirX, it took us …

Bitcoin Tanks 30% To Near $30,000 As Selling Intensifies Following China's Crypto Warning
3 years, 7 months ago

Bitcoin Tanks 30% To Near $30,000 As Selling Intensifies Following China's Crypto Warning

ABP News  

Mumbai: Bitcoin, the world's largest cryptocurrency, fell close to $30,000 on Wednesday, falling more than 30% in the last 24 hours due to a sell-off sparked by China's ban on digital coin transactions and Tesla's halt on purchases of its electric cars using Bitcoins. According to Coin Metrics, Bitcoin reached $30,001.51 amid heavy selling in the morning and was trading …

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