WazirX to Reverse Trades Amid Major Security Incident
WazirX Trade Reversal Announcement
WazirX has made the decision to reverse all trades executed between July 18 and July 21, 2024, following a major security breach that has severely impacted user accounts.
User portfolios will be restored to their status as of July 18, 2024, at 1 PM IST. This initiative seeks to safeguard users and uphold the integrity of the platform after the exchange suffered a loss of $230 million.
Conclusion
As WazirX navigates this challenging situation, users are encouraged to stay informed about ongoing updates and to monitor the platform’s enhanced security measures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.