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WazirX Hack Update: Exchange Moves Assets To New MultiSig, Withdrawals Next?

WazirX, the Indian cryptocurrency exchange led by Nischal Shetty, has implemented a crucial measure in response to the recent hack it experienced. In an effort to enhance user security, the exchange has decided to transfer its remaining assets to a new multi-signature system. This move aims to prevent any further breaches and secure the funds of its large user base. However, despite these efforts, WazirX users are still unable to withdraw their funds, leaving them frustrated and stranded nearly a month after the attack.