WazirX to Unfreeze INR, Crypto Withdrawals Starting August 26th

IconCryptoNewsTerminal Staff23 Aug, 2024

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WazirX to Unfreeze INR, Crypto Withdrawals Starting August 26th

Cryptocurrency Exchange WazirX to Unfreeze INR and Crypto Withdrawals Indian cryptocurrency exchange WazirX, which recently faced a $23 million hack, has announced plans to unfreeze INR and crypto withdrawals for its users. The exchange will gradually begin enabling withdrawals of INR balances from 8:00 PM IST on August 26th. Additionally, WazirX will reduce fees by 60% to make withdrawals easier for users. This move comes after WazirX faced intense scrutiny following the hack, which led to the freezing of user funds. The exchange has since taken steps to enhance security measures and restore user confidence. Key Points: WazirX will unfreeze INR and crypto withdrawals on August 26th. Withdrawals will be enabled in phases. * Fees will be reduced by 60% to facilitate withdrawals. The unfreezing of withdrawals is a significant step for WazirX and its users. It demonstrates the exchange's commitment to restoring normal operations and addressing user concerns.

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