WazirX’s Plan to Repay 80% of Stolen Funds Faces Community Skepticism The Singapore High Court has approved WazirX’s plan to repay 75% to 80% of the funds lost in a $234 million hack, but the crypto community remains skeptical of the lengthy three-month voting process. Singapore High Court approves WazirX repayment plan Community skeptical of […]
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WazirX Intensifies Recovery Efforts After $235M Hack, Freezes $3M in Stolen Crypto In a bold move against digital bandits, WazirX, a leading Indian cryptocurrency exchange, has successfully frozen $3 million of the $235 million stolen in a recent hack. The exchange is now embarking on a crypto treasure hunt, partnering with law enforcement and blockchain […]
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Pig Butchering Scams in 2024: A $3.6 Billion Crisis and Lessons Learned The term “pig butchering” doesn’t refer to farm life but rather a serious scam targeting crypto users. In 2024, this scheme resulted in losses exceeding $3.6 billion, with Ethereum being a prominent stage for these fraudulent activities. Pig butchering scams resulted in $3.6 […]
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Delhi High Court Orders Renewed Probe into WazirX Hack The Delhi High Court has mandated a fresh investigation into the colossal $235 million breach suffered by WazirX, a prominent Indian cryptocurrency exchange. This directive follows the failure of initial police efforts to trace the perpetrators of the breach, highlighting both the challenges and the stakes […]
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