Deniz 
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.”
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—also known as “socialized loss strategy”—that drew major criticism on social media.
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 revealed earlier this month its intentions to reverse any deals made after the withdrawal freeze it instituted on July 18.
“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,” the exchange announced at the time.
Most recently, Google affiliate Mandiant apparently stated that the cyberattack did not compromise WazirX computers.
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