WazirX’s total assets plunge more than 40%

BENGALURU: For the first time since its Rs 2,000 crore hack in July, crypto exchange WazirX has released its Proof of Reserves (PoR) and it shows total assets have declined 40% to $298.17 million as of October 24 as against $503.64 million it reported in June.

As of June 10, 2024, at 6:30 pm, WazirX’s total holdings stood at Rs 4,203.88 crore($ 503.64 mn). This was a 79% surge compared to the data it shared in January 2023. The fund bifurcation data showed that $126.91 million is with third-party exchanges.