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.
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.
An international arrest warrant has been requested for Hayden Davis, co-creator of the LIBRA token, which became the center of a major political scandal in Argentina.
Chris Larsen, the co-founder of Ripple, suffered a significant financial blow in 2024 when he lost over $661 million worth of XRP due to a security breach in the password management system LastPass.
Venture capitalist and Mission Gate founder George Bachiashvili is now facing imprisonment in Georgia after a court revoked his bail.
Hackers have exploited a vulnerability in DeFi aggregator 1inch’s resolver smart contract, leading to losses of over $5 million, according to blockchain security firm SlowMist.