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WazirX will resume operations after the $235 million hackThe Indian cryptocurrency exchange WazirX is preparing to resume operations after a massive hack in July 2024, when hackers linked to the North Korean group Lazarus stole $235 million from the platform's multi-signature wallet. Following the incident, the exchange halted operations but recently received approval from the majority of creditors (93%) for a restructuring plan that involves returning 75-80% of the funds to users in USDT and issuing 'recovery tokens' tied to the platform's future profits.

WazirX will resume operations after the $235 million hack

The Indian cryptocurrency exchange WazirX is preparing to resume operations after a massive hack in July 2024, when hackers linked to the North Korean group Lazarus stole $235 million from the platform's multi-signature wallet. Following the incident, the exchange halted operations but recently received approval from the majority of creditors (93%) for a restructuring plan that involves returning 75-80% of the funds to users in USDT and issuing 'recovery tokens' tied to the platform's future profits.
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