WazirX suspends trading after $230 million loss: What ‘India Ka Bitcoin Exchange’ said on losing nearly half its reserves

WazirX, the leading Indian cryptocurrency exchange, has temporarily suspended all trading activities following a devastating cyberattack that drained nearly half of its reserves. The exchange that calls itself ‘India Ka Bitcoin Exchange’ revealed in a post on X (formerly Twitter) on July 21 that hackers managed to steal approximately $230 million worth of crypto assets.