WazirX has announced that it will undergo a maintenance shutdown from 6:00 PM on August 15 to 2:00 AM on August 16 (IST).
The temporary suspension will enable the crypto exchange to rectify balances and reverse trades during attack incidents.
This move comes amid a cyber assault on WazirX that saw the hackers swipe $234.9 million in cryptocurrency on July 18.
WazirX Enhances Security After Major Hack
To that end, WazirX acted quickly, blocked the stolen assets, and informed users of the issue. The exchange halted all withdrawals at 1 pm IST on the day of the hack to try to limit the damage.
They also conducted an internal probe into the cause of the breach. WazirX’s efforts are to regain users’ confidence and make the platform more stable.
Cyvers, a security firm, discovered the theft when Cybers noticed unauthorized transactions from WazirX’s Safe Multisig Wallet.
WazirX and the security partner Liminal have since been in a tussle regarding the vulnerability ho
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