WazirX to Distribute 85% of Stolen User Funds Following Rebalancing Completion
The Indian crypto exchange plans to initiate partial fund distribution for hack victims, contingent on creditor approval.
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The Indian crypto exchange plans to initiate partial fund distribution for hack victims, contingent on creditor approval.
The X account of Tanzanian businessman Mohammed Dewji was hacked, leading to a promotion of the fraudulent TANZANIA token and significant financial losses for investors.
Following a significant security breach, WazirX informs its creditors about the voting on a restructuring scheme that could enable them to receive their stolen crypto.
Singapore's Phemex is investigating reports of a significant hack affecting its hot wallet, where $29 million worth of cryptocurrency was reportedly drained.
Authorities in Japan and the U.S. have linked the $305 million theft at DMM exchange to North Korean hackers known for their social engineering tactics.
A significant loss of $21 million was reported after a trader's private key was exploited on Hyperliquid, highlighting the importance of security measures in decentralized finance.
The Singapore High Court has authorized WazirX's plan to restart operations and compensate over 150,000 users affected by a significant hacking incident.
The decline in crypto hack losses was marked by a significant shift in tactics, with September recording the highest number of million-dollar hacking incidents.

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