Oct 21, 09:38 AM

WazirX Accused by CoinSwitch of Moving $75 Million in User Funds After July Hack

WazirX, a cryptocurrency exchange, is accused of moving $75 million in user funds to global exchanges like Bybit and KuCoin following a cyberattack in July. The allegations were made by CoinSwitch CEO Ashish Singhal, who claims that the transfers were done without notifying users. The exact amount of the transferred crypto is also reported as $73.63 million by some sources. This incident, following the July hack, has raised significant concerns about the transparency and security practices of WazirX.

#WazirX #Bybit #KuCoin #CoinSwitch #Ashish Singhal

Written with ChatGPT (GPT-4o).

Sources

BecauseBitcoin.com@BecauseBitcoin
2 years ago
[DECRYPT] WazirX Moved $75M to Global Exchanges After Hack: CoinSwitch Co-Founder
Decrypt@decryptmedia
2 years ago
WazirX Moved $75M to Global Exchanges After Hack: CoinSwitch Co-Founder ► https://t.co/M9bTsc0aEr https://t.co/M9bTsc0aEr
BSCN@BSCNews
2 years ago
COINSWITCH CEO ACCUSES WAZIRX OF MOVING $75 MILLION IN USER FUNDS AFTER HACK - The CEO of @CoinSwitch Ashish Singhal has accused the @WazirXIndia exchange of transferring $75 million of user funds to other global exchanges, without informing users, after a hack. - Earlier this… https://t.co/r8abXCA0Is https://t.co/JEfB056A4R

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