WazirX to Phase In Indian Rupee Withdrawals: Key Updates and Insights
WazirX Withdrawals Resumed: What You Should Know
In a significant move for users of the Indian crypto exchange WazirX, the platform will begin phasing in the withdrawal of Indian Rupees (INR) starting August 26. This comes after the suspension of withdrawals triggered by a $230 million dollar hack last month. Users will be allowed to take out up to 66% of their funds in two distinct phases.
Details of the Withdrawal Phase
- Phase 1 will initiate on August 26, enabling users to withdraw a significant portion of their funds.
- Phase 2 will follow once the platform ensures complete operational stability.
This strategy is part of WazirX’s effort to reassure its users and promote transparency following a turbulent period. Keep an eye on updates as WazirX works toward enhancing its withdrawal processes.
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.