CandleFocus WazirX Users Demand Answers After July 2024 Cyber-Attack
2024-09-18
Author: Content Editor
In July 2024, WazirX, a major crypto platform in India, experienced a cyberattack that compromised customer funds. This has caused outrage among users who are demanding accountability from the company's management. The breach involved a multisignature wallet implemented by WazirX and a third-party custody provider. The ongoing dispute between WazirX and Binance, who clarifies they do not control WazirX, has added to the confusion about responsibility for the attack. Social media has played a significant role in spreading information about the cyberattack and putting pressure on WazirX to respond. Binance has stated that they were not responsible for the attack. Users are now seeking concrete measures to ensure fund safety and prevent future breaches, and the broader crypto community is closely monitoring how WazirX resolves these complaints to determine its future.
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