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  2. 4 days ago · On July 18, 2024, social media was abuzz with news of India’s largest crypto heist, as WazirX reported $234 Mn worth of cryptocurrencies stolen from one of its wallets hosted on Liminal, an ...

  3. 2 days ago · The moratorium comes with several key conditions designed to maintain transparency and restore confidence among creditors and users. WazirX must publicly disclose wallet addresses via a court affidavit, respond to user queries raised during court proceedings, release its financial information, including its books of accounts, within six weeks, and ensure that future voting on court applications is conducted through an independent platform, scrutinized by third parties.

  4. 3 days ago · Investors have voiced criticism towards WazirX, accusing the exchange of attempting to "buy time" through new allegations against Liminal Custody and delaying the withdrawal process. Critics have also taken issue with WazirX's decision to store 45% of their assets in a single multi-sig wallet, which some view as a lapse in security practices.

  5. 2 days ago · As of September 13, only 441 or 0.02 percent out of its registered user base of 16 million had agreed to WazirX's restructuring plan via emails. On July 18, a multi-signature wallet associated with WazirX and managed by Liminal Custody was hacked, leading to a loss of over $230 million (approximately Rs. 1,900 crore) and leaving users in distress.

  6. 3 days ago · Singapore High Court has granted WazirX a four-month moratorium, allowing it to roll out a restructuring process to partially pay back funds to users affected by the $234-million crypto hack.

  7. 2 days ago · WazirX (WRX) is an ERC-20 token native to the WazirX ecosystem, a prominent cryptocurrency exchange in India. Founded by Nischal Shetty, Sameer Mhatre, and Siddharth Menon, it offers a platform for buying, selling, trading, and investing in various cryptocurrencies.

  8. 1 day ago · A Singapore court has granted cryptocurrency exchange WazirX a four-month moratorium, allowing it to restructure liabilities in the aftermath of the cyber attack that wiped out nearly Rs 2,000 ...