WazirX Responds to Major Hack by Cancelling Trades
Thursday, 8 August 2024, 11:00
WazirX Takes Action Amid Security Breach
In light of recent events, WazirX has decided to undo all trades following a hack that resulted in the freezing of withdrawals totaling $230 million.
Details of the Hack
- Unauthorized Transactions: The exchange identified several unauthorized transactions linked to this hack.
- Withdrawal Freeze: Users' funds are currently on hold as WazirX investigates the situation.
Advice for Users
- Stay Vigilant: Users should monitor their accounts.
- Follow Updates: Keep an eye on WazirX announcements for further instructions.
This measure reflects WazirX’s commitment to potential security improvements and user protection.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.