WazirX reveals 40% customer assets held on third-party exchanges amid transparency push https://t.co/VMa29opQkE
#TechWithMC | WazirX releases Proof of Reserves post $230 million hack, total assets plunge over 40% Read on 👇 https://t.co/4DURaMRFxo #WazirX
#TechWithMC | WazirX releases Proof of Reserves post $230 million hack, total assets plunge over 40% @debanganaghosh4 brings in more details 👇 https://t.co/XlsfoMh58T #WazirX
WazirX, a cryptocurrency exchange, is facing accusations from Liminal, a third-party custody solutions provider, of conducting a 'persistent disinformation campaign' as it navigates restructuring efforts in Singapore following a cyberattack in July. In the aftermath of the attack, WazirX released a Proof of Reserves report, revealing that it suffered a significant loss, with total assets declining by over 40%. Additionally, it disclosed that 40% of customer assets are held on third-party exchanges, part of a broader initiative to enhance transparency.
