WazirX reports 40% assets dip in reserves after July security breach

Embattled crypto firm WazirX released its first Proof of Reserves (PoR) report following a security breach in July that resulted in the loss of about 40.4 per cent of its assets compared to its reserves in June.

The crypto exchange reported that its total assets, including funds held on-chain, with third-party exchanges, and illiquid assets, amounted to Rs 2,506.79 crore ($298.17 million). In comparison, the company had reported total holdings of Rs 4,203.88 crore in June.