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).