WazirX to Restore User Balances After Security Incident

Thursday, 8 August 2024, 06:21

WazirX has announced a significant update regarding its user accounts, following a recent security breach. The exchange plans to reset all user portfolios to their pre-hack status, effectively nullifying all trades executed after July 18. This decision aligns with WazirX's commitment to protecting its users and ensuring the security of their investments. As the situation develops, users are urged to stay informed and prepare for the implications of these changes.

Gadgets360 — WazirX to Restore User Balances After Security Incident

WazirX Portfolio Restoration Announcement

In a recent update, WazirX addressed its user community about the ongoing security challenges it faced.

Key Actions Implemented

Account Balances Reset: All user portfolio balances will be restored to their statuses before the hack.
Trade Nullification: Trades conducted on the platform from July 18 onwards will be voided.

Conclusion

This proactive measure is aimed at safeguarding user investments and enhancing overall platform security. WazirX urges users to remain vigilant and monitor their accounts for further updates.

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.

WazirX Portfolio Restoration Announcement

Key Actions Implemented

Conclusion

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