WazirX Initiates Restoration of User Balances Post-Cyberattack
WazirX's Response to Cyberattack
WazirX has begun to restore user account balances as a response to the cyberattack that occurred on July 18. This decision comes as a relief to many users affected by the incident.
Status of Withdrawals
Despite the restoration of balances, withdrawals remain suspended. The exchange has not provided a definitive timeline for when these services will resume, advising users to monitor for further announcements.
Implications for Users
- Restoration Process: Users can expect gradual restoration of their balances.
- Suspended Withdrawals: Users should prepare for delays in accessing funds.
- Trust Recovery: WazirX aims to regain user trust through transparent communication.
Conclusion
The restoration of user balances is a promising step taken by WazirX in the wake of the cyberattack, although the suspension of withdrawals poses challenges for users. Continuous updates from the platform will be crucial in ensuring users feel secure about their investments.
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.