The Madras High Court ruled that XRP qualifies as property under Indian law in a dispute tied to WazirX, granting interim protection to an investor and signaling a major step toward clearer crypto ownership rights in India.
India's Supreme Court quashed the RBI's crypto banking ban, triggering a wave of global exchange expansion and capital injection. Kraken, Binance, and Hashcash are among the firms betting big on India's crypto revival.
India's Supreme Court struck down the RBI's banking ban, sparking renewed interest. Kraken recommits, Binance expands via WazirX, and Hashcash plans $10 million investment, positioning India as a crypto hotspot.
Crypto portfolio tracker Coinstats confirmed a security breach on June 22 affecting 1,590 wallets (1.3% of total). The app was shut down, and users with affected wallets are urged to transfer funds using exported private keys. CEO says evidence points to North Korean hackers.
On July 18, 2024, India's largest crypto exchange WazirX lost $234.9 million (45% of reserves) in a sophisticated attack on a multisig wallet. The North Korean Lazarus Group is suspected. The hack exposed critical flaws in centralized custody, smart contract security, and India's regulatory void.
On July 18, 2024, India's largest crypto exchange WazirX lost $234.9 million in a sophisticated attack. This article details the hack, its fallout, and critical lessons for investors and the industry.
On July 18, 2024, WazirX lost $234.9M in a sophisticated cyberattack targeting a multisig wallet. The hack, attributed to the North Korean Lazarus Group, wiped 45% of reserves. Recovery efforts are ongoing amid user anger over compensation plans.
On July 18, 2024, India's largest crypto exchange WazirX suffered a $234.9M hack, wiping out nearly 45% of its reserves. The attackers, likely North Korea's Lazarus Group, exploited a multisig wallet through a malicious smart contract update. The incident highlights risks of centralized exchanges and regulatory gaps.
