WazirX’s ability to restore balances and secure assets will shape its future and industry security.
Hacked Indian crypto exchange WazirX has announced details of a maintenance period designed to restore account balances and undo specific trades.
According to a post on the X social platform, this maintenance will take place from 6 pm on Aug. 15 to 2 am IST on Aug. 16, during which all services on WazirX will be temporarily unavailable.
The incident surfaced on July 18 and involved the theft of $234.9 million in cryptocurrency assets. The breach was first detected by Web3 security firm Cyvers, which identified multiple suspicious transactions originating from WazirX’s Safe Multisig wallet on Ethereum.
