WazirX Resumption Timeline Based on Survey Results

IconCryptoNewsTerminal Staff25 Jul, 2024

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WazirX Resumption Timeline Based on Survey Results

WazirX, a leading Indian cryptocurrency exchange, has announced plans to resume trading operations based on the results of a survey being distributed to users. The survey aims to gather feedback from the community and will inform the legal team's decision on a resumption timeline. WazirX is also working on a solution to unlock user tokens that were frozen during a recent hack. "Our aim is to resume with a subset of users whose tokens were not impacted by the hack and take feedback from the community," said Nischal Shetty, co-founder of WazirX. WazirX had earlier experienced a hack that resulted in the theft of $230 million in cryptocurrency. The exchange has since taken steps to enhance its security measures and has been working closely with law enforcement agencies to recover the stolen funds. The resumption of trading operations on WazirX is expected to be a positive development for the Indian cryptocurrency market. The exchange is one of the largest in the country and its resumption will provide users with access to a wider range of cryptocurrencies and trading pairs.

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