WazirX Faces Disinformation Accusations Amid 40% Asset Decline Post $230 Million Hack, 40% Customer Assets Held Elsewhere

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.