WazirX Takes Action to Restore User Accounts Following Major Security Breach
Friday, 9 August 2024, 09:45
Overview of WazirX's Recent Announcement
On August 8, WazirX revealed plans to restore user accounts following a devastating hack that compromised approximately $230 million.
Actions Taken by WazirX
- Restoration of Balances: All user accounts will revert to their balances before the hack.
- Trade Reversals: Any trades made post-July 18 will be nullified.
- Suspended Services: Current trading and withdrawal activities remain halted.
Conclusion and Next Steps
WazirX's initiatives are aimed at securing user confidence and rebuilding trust in its platform. The company continues to work diligently to resume normal operations as swiftly as possible while ensuring the integrity of its user accounts.
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.