WazirX has announced that trading on its platform has been temporarily paused due to a recent cyber attack. A few days ago, Crypto platform WazirX reportedly lost USD 234 million worth of digital assets in a security breach. The incident has affected the ability to maintain the necessary 1:1 collateral with assets. The cyber attack has led the platform to halt its trading activities as it conducts thorough forensic data examinations and security audit procedures for user safety by inviting white hat hackers, blockchain forensics experts and cybersecurity professionals from around the world. WazirX said, “We're conducting thorough forensic data examination and security audit procedures and working to enable withdrawals soon. User safety remains our top priority.” WazirX Hacked: Crypto Platform Announces USD 23 Million Bounty To Recover USD 234 Million Lost in Security Breach.

WazirX Temporarily Halts Trading on Its Platform

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