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CryptoCurrency

Cybersecurity Losses Surge to $2.1 Billion in 2024; WazirX Seeks Court Protection

CeFi entities have experienced a nearly 1,000% increase in hacking incidents, including a $305 million breach at DMM Bitcoin, according to Cyvers.
WazirX sought a six-month moratorium after a $234 million hack in July affecting 45% of customer funds.

Wednesday, 02/10/2024 | 08:17 GMT by Tareq Sikder

CryptoCurrency

WazirX Didn't Insure Customers’ Funds: Plans to Lock 45% Assets of ‘All Users’

The exchange proposed a controversial plan to distribute the impact of the loss to all users.
It wants to lock 45 percent of all customers’ assets until recovery.

Monday, 29/07/2024 | 08:33 GMT by Arnab Shome

CryptoCurrency

WazirX $230M Crypto Hack Shakes India's Crypto Scene: “Horrifying Situation”

According to crypto users on X, the WazirX hack, which has left many users in India counting losses, can only be described as alarming.
The exchange is offering 10% of the recovered amount as a bug bounty, totaling up to $23 million.

Tuesday, 23/07/2024 | 16:33 GMT by Jared Kirui

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