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.
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WazirX Hack Update: Exchange Moves Assets To New MultiSig, Withdrawals Next?
By
Eleanor Ashworth — Editor-in-Chief
About the author · Editor-in-Chief
Eleanor Ashworth
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.