WazirX

<ul class="news-points wp-block-list" "wp-block-list"> 
 <li><strong>WazirX faces investor backlash post-$230M hack, CEO Shetty seeks time for solutions.</strong></li> 
 <li><strong>Investors demand updates as WazirX struggles with communication and recovery post-hack.</strong></li> 
 <li><strong>WazirX looks to Binance for customer compensation amid legal disputes and recovery challenges.</strong></li> 
</ul> 
<p>Indian cryptocurrency exchange WazirX continues to grapple with investor scrutiny following a security attack that resulted in the loss of over $230 million in crypto assets. The CEO, Nischal Shetty, addressed the situation on his X (formerly Twitter) account, assuring investors that the team is actively working on solutions and requesting more time to resolve the issues.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">We’re working on solutions. Need more time, we’ll continue to provide updates. Working on some tangible updates soon. <br><br>Please don’t panic and give us time to sort this out <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f64f.png" alt="🙏" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/4Dtof5SJ1D" target="_blank" rel="nofollow">https://t.co/4Dtof5SJ1D</a></p>— Nischal (Shardeum) 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53c.png" alt="🔼" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@NischalShetty) <a href="https://twitter.com/NischalShetty/status/1820375824236712247?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 5, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The lack of detailed updates is what has fueled the frustration among the platform’s users. Ajay Kashyap, an investor, expressed his worries on X, highlighting the 19 days that have passed since the hack with no substantial updates. Kashyap questioned the actions taken by S…</p>
<p>The post <a href="https://coinedition.com/wazirx-230m-hack-fallout-investors-demand-transparency/">WazirX $230M Hack Fallout: Investors Demand Transparency</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

WazirX $230M Hack Fallout: Investors Demand Transparency

Coin Edition

Other articles published on Aug 5, 2024

Ripple CEO’s Bullish Prediction Amid XRP Price Crash

Bitcoin Anjlok ke Bawah US$55.000: Peluang Beli atau Bahaya?

Lyncoin Introduces Advanced Features and Community-Driven Development

Solana Expert that Bought BONK Early Says this $0.0127 Ethereum Token Will Skyrocket 1,366% in 33...

Crypto products shed $528M amid recession fears — CoinShares

Icebreaker Secures $5M Seed Funding to Build Blockchain Alternative to LinkedIn

Join our free newsletter for daily crypto updates!