{"id":27414,"date":"2024-08-23T00:45:23","date_gmt":"2024-08-22T21:45:23","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27414"},"modified":"2024-08-22T20:01:07","modified_gmt":"2024-08-22T17:01:07","slug":"wazirx-reverses-orders-after-230m-hack-incident","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/wazirx-reverses-orders-after-230m-hack-incident\/","title":{"rendered":"WazirX Reverses Orders After $230M Hack Incident"},"content":{"rendered":"

Yesterday, Indian exchange WazirX<\/strong> canceled all open orders and restored any INR and crypto assets set aside for those transactions to users’ wallets.<\/p>\n

A brief post on social networking platform X claims<\/a> the exchange stated the action is a part of “ongoering efforts to resolve the issue surrounding INR and crypto balances on the platform<\/em>.”<\/p>\n

Last month, the battered exchange stopped all trading on its platform following a $230 million hack on July 18. The exchange then presented a recovery program\u2014also known as “socialized loss strategy”<\/em>\u2014that drew major criticism on social media.<\/p>\n

At the time, some data pointed to the exploit coming from North Korea’s infamous Lazarus Group. Attacks of this nature hardly help crypto assets recover. Responding to the attack, WazirX<\/strong> revealed earlier this month its intentions to reverse any deals made after the withdrawal freeze it instituted on July 18.<\/p>\n

“This decision has not been made lightly and aims to protect the integrity of our platform and facilitate an equitable outcome for users following the abnormality arising as a result of the cyberattack that occurred on July 18, 2024,” t<\/em>he exchange announced at the time.<\/p>\n

Most recently, Google affiliate Mandiant apparently stated that the cyberattack did not compromise WazirX<\/strong> computers.<\/p>\n

 <\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em>the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday, Indian exchange WazirX canceled all open orders and restored any INR and crypto assets set aside for those transactions to users’ wallets. A brief post on social networking platform X claims the exchange stated the action is a part of “ongoering efforts to resolve the issue surrounding INR and crypto balances on the platform.”<\/p>\n","protected":false},"author":6,"featured_media":25396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[679,5913,7464],"class_list":["post-27414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-google","tag-lazarus-group","tag-wazirx"],"yoast_head":"\nWazirX Reverses Orders After $230M Hack Incident - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/wazirx-reverses-orders-after-230m-hack-incident\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WazirX Reverses Orders After $230M Hack Incident - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Yesterday, Indian exchange WazirX canceled all open orders and restored any INR and crypto assets set aside for those transactions to users’ wallets. 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