Cryptocurrency Q&A
Is WazirX based in India?
Is WazirX based in India?
Silvia
Wed Oct 09 2024
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5 answers
1028
I'm trying to figure out if WazirX, which I've been hearing a lot about recently, is actually based in India. There's a lot of talk about cryptocurrency exchanges these days, and I want to make sure I have the facts straight about this one.
5 answers
Silvia
Fri Oct 11 2024
In July, WazirX, a prominent Indian cryptocurrency platform, suffered a devastating cyber-attack. The incident marked a significant setback for the company and its users.
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KDramaLegend
Fri Oct 11 2024
The attack resulted in the theft of over $230 million worth of digital assets, representing a substantial portion of WazirX's reserves. The loss was a stark reminder of the vulnerabilities inherent in the cryptocurrency space.
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DigitalDragonfly
Fri Oct 11 2024
WazirX, in its official communication, labeled the event as a "force majeure," acknowledging that it was an unforeseen and uncontrollable circumstance. This terminology reflects the unpredictability and complexity of cyber threats in the digital age.
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Riccardo
Fri Oct 11 2024
The aftermath of the attack has raised concerns among WazirX's user base, who have expressed dismay at the loss of their funds. The platform has been working to address these concerns and restore trust in its services.
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BlockchainWizardGuard
Fri Oct 11 2024
Despite the setback, WazirX is not alone in facing such challenges. Cryptocurrency exchanges worldwide have been targets of cyber-attacks, highlighting the need for robust security measures to safeguard user assets.
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