Crypto Exchange WazirX Temporarily Halts Trading Service Amid Exploit Craze

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Bitcoinist 12h ago

Crypto Exchange WazirX Temporarily Halts Trading Service Amid Exploit Craze - Bitcoinist

Quick Summary:

In a sudden and alarming development within the Indian cryptocurrency market, WazirX, the nation’s largest digital asset exchange has temporarily suspended its trading services following a recent hack incident faced by the platform in the prior week.

According to the exchange, the hackers targeted one of its multi-sig wallets, leading to the loss of millions of digital assets.

In the meantime, the platform intends to restore customer assets, track down the embezzled funds, and carry out a more thorough investigation of the cyberattack.