The decline in WazirX's holdings comes as the firm undergoes restructuring after a cyberattack led to the theft of over $230 million in July
While WazirX did not deny the allegation in its official statement, it added that CoinSwitch should instead provide users real-time tracking tracking of proof of reserves and wallet addresses
WazirX, which is facing liabilities amounting to $546.5 million, had floated a user poll to measure potential interest in its moratorium application
Former FTX co-founder Ryan Salame updates his 'job position' on LinkedIn to 'inmate' before beginning a 7.5-year prison sentence
Investors raised their concerns about losing out on a potential bull run in Bitcoin prices in the next six months
It refuted WazirX's claims that the global exchange owns the company, while stating that it does not operate the platform
WazirX customers may get anywhere between 55-57 per cent of funds back
Crypto kiosks dominate the cash-to-crypto industry, which has processed at least $160 million in illicit volumes globally since 2019, according to TRM
Liminal clarifies its systems were not compromised
The fine print in WazirX's user agreement limits the options available for dispute resolution
There is no central body operating in India to regulate cryptocurrency. Users should be careful while dealing in cryptocurrency
CoinDCX has instituted the fund by allocating Rs 50 crore from its own cash reserves
The oldest cryptocurrency, Bitcoin, which registered a fall of over 12 per cent yesterday, has jumped over 9 per cent in the last 24 hours
The popular cryptocurrency has traded in the range of $49,121.24 (low) to $61,058.94 (high) in the last 24 hours
Traditional insurance products for crypto difficult ask: Experts
WazirX will socialise the loss and distribute its impact across all the users on the platform
Legal experts tracking the sector believe that users who have lost their funds can look at the country's consumer protection laws as one recourse
WazirX confirmed the security breach on X. The firm has temporarily paused customer withdrawals
This comes nearly ten months after CoinDCX invested in the company, marking one of its earliest investments in the MENA region
Industry warns of complex, time-consuming legislation through a single regulator before 2025