WazirX Restores User Balances After Cyber Attack

WazirX, India’s leading cryptocurrency exchange, has announced that it will reverse all user account transactions following a cyber attack on July 18, 2024.

The platform halted withdrawals immediately after the attack and is now working to restore account balances to their state before the incident.

In response to the breach, WazirX has decided to nullify any transactions made after the incident was detected.

They are in the process of reinstating affected account balances and expect this to be completed within the next few days. Users will be informed via email when their accounts are restored.

READ MORE:

Binance’s Latest Tokens Tank: What’s Behind the Massive Losses?

The decision to revert transactions and restore balances was influenced by user feedback. Announcements on WazirX’s social media channels indicate that the goal is to address user concerns and reduce potential financial losses, reinforcing trust in the platform.

By reversing the post-attack transactions and ensuring account balances are corrected, WazirX is aiming to counteract the negative effects of the breach and demonstrate its commitment to user security and satisfaction.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.