WazirX Phased Indian Rupee Withdrawals Plan Follows $230 Million Security Breach

Friday, 23 August 2024, 12:10

WazirX has announced a phased plan for Indian Rupee (INR) withdrawals after a significant $230 million security breach. The exchange aims to restore user confidence and provide smooth operations going forward. This announcement comes as a critical move to regain trust amidst tumultuous times in the crypto market.
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WazirX Phased Indian Rupee Withdrawals Plan Follows $230 Million Security Breach

The WazirX Withdrawal Strategy

Amidst the fallout from a serious security breach resulting in losses of approximately $230 million, WazirX is implementing a phased withdrawal plan for Indian Rupees (INR). This effort aims to address user concerns and stabilize operations.

Details of INR Withdrawals

WazirX's strategy involves carefully controlled increments of INR withdrawals, ensuring security and reliability as they manage the aftermath of the breach. Users can expect communication about withdrawal timelines and protocols.

Key Points of the Plan

  • Incremental Rollout: Withdrawals will be phased to maintain security.
  • User Communication: Planned updates regarding withdrawal procedures.
  • Security Priorities: Emphasizing user safety in all operations.

Regaining Trust

In light of the breach, WazirX is also working on enhancing security measures to protect user funds effectively and restore trust within the crypto community.


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.


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