WazirX crisis: Customer frustration mounts as crypto exchange considers next moves

Days after hackers allegedly made away with over $230 million in cryptocurrency assets from WazirX, users are yet to regain access to their holdings with the crypto trading platform exploring multiple options to resume operations.

Following the alleged cybersecurity breach, WazirX halted both rupee and crypto withdrawals and paused trading, as its ability to maintain 1:1 collaterals with assets was impacted. Nearly half of the platform’s reserves were siphoned off from a Multi-Signature (MultiSig) wallet managed by third-party custody service provider Liminal.