WazirX News: Recovery Plan Underway After Lazarus Group Attack in July 2024

Quick Summary:

The attack, which was allegedly carried out by North Korea’s Lazarus Group, severely impacted the platform, but now the exchange is focused on rebuilding trust and compensating affected users.

To address the damages and move forward, WazirX has implemented a restructuring plan under Singapore’s legal system.

CoinSwitch is also pursuing legal action against WazirX to recover $1.44 million stuck on the platform.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United StatesIndiaNorth KoreaSingapore

Topics: Exchange News News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 12:25:56 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 550 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 25036522

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 23 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

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