Indian crypto exchange Wazirx has provided an update on its progress to enable users to withdraw funds and resume trading on its platform following a cyberattack that caused a loss of over $230 million. “Our preliminary investigation reveals no evidence of compromise on our signers’ machines. We are continuing to explore all possible sources of the breach,” the exchange stated.
Wazirx Details Plan to Resume Withdrawals and Trading — Insists Signers' Machines Show 'No Evidence of Compromise'
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‘No Evidence of Compromise on Our Signers’ Machines’
Wazirx, a prominent cryptocurrency exchange in India, has continued to provide an update regarding a recent cyberattack that resulted in the theft of over $230 million from its platform. On Thursday, the exchange announced on the social media platform X:
In light of the recent cyber attack on Wazirx, our preliminary investigation reveals no evidence of compromise on our signers’ machines. We are continuing to explore all possible sources of the breach.
Wazirx has claimed that the hacked wallet “was operated utilizing the services of Liminal’s digital asset custody and wallet infrastructure.” However, Liminal has refuted this, stating that the breach involved a wallet created outside of its ecosystem. Liminal maintains that its platform remains secure. Wazirx has also stated that INR funds were not affected by the breach.
On Thursday, Nischal Shetty, Wazirx’s co-founder, provided an update on a poll implementation to decide the platform’s reopening date for withdrawals, deposits, and trading, pending legal approval and positive poll outcomes. “We will run a poll to help our customers decide the approach to opening up the platform … Team is working on building the poll flow so everyone can participate,” Shetty said on Wednesday.
He revealed on Thursday:
We’re working on the poll implementation. Trying to get it done and reviewed today and go live today or tomorrow. We’re also checking with legal on what the duration should be and the date when we can open the platform if the poll results are positive.
Shetty further outlined: “While the objective is to start with portion of everyone’s crypto portfolio value in locked tokens, we will continue to work on finding solutions to unlock those tokens as well.” He elaborated on some community-suggested ideas for handling locked token unlocks: recovering stolen assets, burning tokens with exchange profits, creating new use cases for the token, and airdropping from new projects as they become available. He stressed the need for community support throughout this process.
What do you think about Wazirx’s plan to enable withdrawals and trading for users? Let us know in the comments section below.
