WazirX, a major Indian cryptocurrency exchange, is resuming operations after a cyberattack in 2024 led to significant asset loss and suspension. The platform’s restart is backed by Singapore’s High Court approval of its restructuring plan, promising enhanced security and user benefits. #WazirX #CryptocurrencyRecovery
Keypoints
- WazirX plans to restart trading on October 24 after a 15-month suspension.
- The 2024 cyberattack caused a loss of approximately $234 million in crypto assets.
- The company’s restructuring plan received 95.7% user approval and was sanctioned by Singapore’s High Court.
- The relaunch will offer fee-waived trading and expanded market offerings gradually.
- WazirX has partnered with BitGo to improve security and safeguard user funds.
Read More: https://thecyberexpress.com/wazirx-to-resume-trading-after-cyberattack/