The post WazirX breaks silence after 6 days, releases key update on user balances appeared on BitcoinEthereumNews.com.

Indian crypto exchange WazirX has finally broken the six-day silence with a recent tweet. The exchange has laid out key updates on what the exchange is currently working on. WazirX has released a tweet recently outlining the key updates the exchange is currently working on. The exchange mentioned that they are nearing the completion of restoring the balances for trades that happened between July 18 and 21. “This will undo all trades carried out on the WazirX platform following the stoppage of withdrawals on 18 July 2024, at 1 PM IST,” the exchange wrote. Speaking about other updates, the Indian crypto exchange mentioned that they are working with legal experts to help formulate an effective way to enable withdrawals. In regards to their bounty program, they have received entries from 344 bounty hunters. 👋 tribe! Here’s an update on what we’re actively working on: » We are nearing the completion of restoring the balances for trades that happened between 18 and 21 July. This will undo all trades carried out on the WazirX platform following the stoppage of withdrawals on 18 July… pic.twitter.com/dptr6LHU5m — WazirX: India Ka Bitcoin Exchange (@WazirXIndia) August 13, 2024 WazirX mentioned that these security professionals and ethical hackers are actively following the stolen funds to find a lead. Additionally, the exchange mentioned that they are in touch with multiple partners to explore solutions to minimize the financial impact of the hack. As per the details shared, the exchange is in discussion with seven partners, with steady progress. WazirX’s silence triggers crypto community The update comes after almost six days of inactivity without any updates, which had triggered the crypto community on X. The last update was on August 8, where WazirX released a tweet stating that all users will have their portfolio balances restored to what…

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Filed under: News - @ August 14, 2024 11:26 am