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The official announcement channel of WazirX - Building India's most trusted Bitcoin & Cryptocurrency exchange
👋 tribe! On top priority we’re working on two aspects:
1. Solution for INR balances
2. Solution for crypto balances
Both these solutions need legal analysis which is ongoing. At the same time we’re also waiting on some positive confirmations from the various partners who can help solve these issues.
Please give us some more time as we work on finding the best solutions to these two issues. Please don’t panic, we will get back on these as soon as we can.
We understand the anger around the situation and the desire to take drastic actions, but these things will further lead to delays. Hence requesting your patience while we work on bringing clarity as soon as we can 🙏
📢 Scheduled maintenance is extended till 16th August, 4:00 AM IST
Team is working to complete the maintenance as soon as possible.
Thank you for your continued patience and support 🙏
👋 Tribe! We want to keep you informed about the measures we're taking to safeguard crypto assets on the exchange.
We are in the process of migrating the remaining assets held with Liminal to new multisig wallets. This step is essential to ensure maximum security of the assets in light of recent events. While we believe our interface and systems remain uncompromised, the same cannot be said for the custodian's interface post the July 18th incident, prompting this precaution.
We are exercising extreme caution in how and when we move these assets, considering the complexity involved. Although we can't provide an exact timeline, rest assured that safety of crypto assets on our exchange is our top priority.
For transparency, we'll publish the list of all new wallets once the migration is complete. Additionally, we acknowledge your concerns about the stolen assets. The list of affected assets is available on-chain, and you can view all related transactions performed by the attacker after 18th July, 11:45 AM here 👉 https://wrx.gg/raa
Thank you for your continued patience and support 🙏
📢 Important Update:
We are actively listening to your feedback and taking decisive action to address your concerns! After careful consideration of the situation and the feedback received from numerous users, we are constrained to restore the balances of all accounts and undo all trades carried out on the WazirX platform following the stoppage of withdrawals on 18 July 2024, 1 PM IST.
All users will have their portfolio balances on the WazirX platform restored to what they were on 18 July 2024, 1 PM IST. This restoration will be carried out over the next few days, and affected users will receive an email notifying them of any affected trades.
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. Thanks for your patience and support as we work towards resuming platform operations & optimize outcomes for users 🙏
Read more: https://wazirx.com/blog/announcement/
Dear WazirX Tribe,
We appreciate your active participation in our recent poll from 27 July 2024. We want to clarify that this poll is a preliminary step to understand your opinions and is not legally binding upon the users or the WazirX platform.
We reassure you that this poll is not final; it is designed solely to gather your feedback, better understand your views, and then take action that is best for the community.
Thank you for your invaluable feedback. Our team is currently reviewing all your inputs to devise a plan that truly aligns with the community's best interests. We aim to develop a plan that incorporates your collective voice and ensures a fair and effective outcome.
We are committed to transparency & will continue to update you as we refine our approach based on your suggestions.
As a next step, we will soon share a feedback form that will help us better understand the direction that would align with the community's best interests.
Thank you for your patience & support.
We’ve received many questions from our community regarding the poll on asset management preferences. Here are the answers to some of the most frequently asked ones. We’ll continue to share responses as we receive more questions.
Read here 👉 https://wazirx.com/blog/wazirx-withdrawal-management-programme-opinion-poll-user-questions-and-answers/
Join WazirX Founder Nischal Shetty & VP of Marketing Rajagopal Menon live on the WazirX YouTube as they address the community regarding the cyber attack.
Join now 👉 https://www.youtube.com/live/O7beF06Sw24?si=QIg6HJNXELEp09cc
We're actively contacting projects linked to the stolen tokens to seek their support in the recovery process. Simultaneously, we're working on enabling withdrawals and figuring out the best way to restart deposits and trading on our platform.
Follow our detailed day-by-day progress on this blog 👉 https://wazirx.com/blog/wazirx-cyber-attack-day-wise-report/
📢 Deposits, withdrawals, and trading are currently paused for ALL users.
Beware of individuals impersonating us and scamming users.
More details 👉 https://wazirx.com/blog/warning-about-fake-wazirx-social-media-profiles-emails/
We've received over 80 intents for our bounty program within 24 hours.
Time is critical. We urgently need more support from our ecosystem, security professionals, and ethical hackers.
While $23 million is the bounty, your impact on the community is invaluable.
Bounty details 👉 https://wazirx.com/blog/wazirx-bounty-program/
Based on community feedback we have increased the White Hat Recovery reward to 10%, i.e., up to $23 Million.
We invite white hat hackers, blockchain forensics experts, and cybersecurity professionals from around the world to join this critical mission and protect the integrity of the crypto ecosystem.
For more details on how you can assist in the recovery, please visit our updated blog post 👉 https://wazirx.com/blog/wazirx-bounty-program/
👋 tribe! We've noticed impersonators sending emails pretending to be WazirX. While we're actively monitoring and addressing these fraudulent activities, your vigilance is key. Always double-check email IDs and avoid clicking on suspicious links.
👉 https://wazirx.com/blog/warning-about-fake-wazirx-social-media-profiles-emails/
Update on the Security Incident 👉 https://wazirx.com/blog/preliminary-report-cyber-attack-on-wazirx-multisig-wallet/
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📢 Support for Galxe (GAL) Token Swap to Gravity (G)
👉 19th July 2024, 1 PM IST: WazirX will delist GAL/USDT
👉 We will distribute $GAL to all eligible users at a ratio of 1 GAL = 60 G
👉 Trading for $G/USDT will open soon after the swap
More info 👉 https://support.wazirx.com/hc/en-us/articles/7629409618714-WazirX-Will-Support-the-Galxe-GAL-Token-Swap-to-Gravity-G
Top 5 Gainers on WazirX today 📈
🚀 $PEPE: +22.12%
🚀 $WIF: +18.68%
🚀 $FLOKI: +15.17%
🚀 $ENA: +14.6%
🚀 $WLD: +12.55%
Which one are you trading today? 🤔
Scheduled maintenance is now completed. Account balances have been restored, and all trades made on the WazirX platform after the withdrawal stoppage at 1 PM IST on 18th July 2024 have been undone.
Thank you for your continued patience and support. 🙏
📢 Scheduled Maintenance
We will be undergoing maintenance from 6 PM on 15th August to 2 AM IST on 16th August to restore balances of all accounts and undo all trades made on the WazirX platform after the stoppage of withdrawals at 1 PM IST on 18th July 2024. Please note that all services will be unavailable during this period.
Thank you for your continued patience and support 🙏
👋 tribe! Here's an update on what we're actively working on:
» We are nearing the completion of restoring the balances for trades that happened between 18 and 21 July. This will undo all trades carried out on the WazirX platform following the stoppage of withdrawals on 18 July 2024, at 1 PM IST.
» We're working with legal experts to help us formulate an effective method for enabling withdrawals.
» For our Bounty Program, we've received entries from 344 bounty hunters, including security professionals and ethical hackers, who are actively pursuing the trail of the stolen funds.
» We are in touch with multiple partners to explore all possible solutions to mitigate the financial impact of the cyberattack. Currently, we are in discussions with seven partners and making steady progress.
Thank you for your continued patience and support 🙏
📢 Important Update: FIR filed
Based on a complaint filed by us on 19th July in connection with the Cyber attack on our multisig wallet, the police has taken cognizance of the matter and a FIR under BNS & IT Act has been registered on 5th August 2024 at PS Special Cell, PS Lodhi Colony, New Delhi through Intelligence Fusion & Strategic Operations, IFSO of Delhi Police.
We have full faith in the investigating agency and shall cooperate with them to the fullest extent. We are actively working on recovering the stolen funds and are hopeful that those responsible will be brought to justice 🙏
We've received reports of fraud, scams, and misinformation in our WazirX Discuss group. To safeguard our users, we are temporarily pausing the ability to send messages.
We are actively working to address these issues and will resume messaging capabilities soon.
Thank you for your understanding and cooperation. Stay tuned for more updates.
In response to the recent cyber attack that led to the theft of $230 million (45% of user funds), we are committed to handling the situation fairly and transparently. We are implementing a socialized loss strategy to distribute the impact equitably among all users.
To manage the remaining assets, we offer two options, each with specific benefits and conditions. Users can find details in the WazirX app or on our website.
Read more 👉 https://wazirx.com/blog/managing-your-funds-after-the-cyber-attack/
In light of the recent cyber attack on WazirX, our preliminary investigation reveals no evidence of compromise on our signers' machines. We are continuing to explore all possible sources of the breach.
For more details, please read this blog 👉 https://wazirx.com/blog/wazirx-cyber-attack-key-insights-and-learnings/
We have received 133 entries for our Bounty Program so far and are currently reviewing them. Join us in supporting the crypto community and register now.
A $23 million bounty is available for solutions that effectively lead to a resolution.
Bounty details 👉 https://wazirx.com/blog/wazirx-bounty-program/
We are actively working on enabling withdrawals for our users.
We appreciate your patience during this complex process. We will provide updates as soon as we have more information.
You can read our day-by-day incident report here 👉 https://wazirx.com/blog/wazirx-cyber-attack-day-wise-report/
📢 Trading has been temporarily paused
The cyber attack theft has impacted our ability to maintain 1:1 collaterals with assets, and we've temporarily paused trading.
We're conducting thorough forensic data examination and security audit procedures and working to enable withdrawals soon. User safety remains our top priority.
Thank you for your patience and support during this challenging time. We will continue to provide regular updates 🙏
In response to the recent cyber attack on one of our multisig wallets, we're announcing a Bounty Program to recover the stolen assets. We invite the community to participate in:
Bounty 1: Track & Freeze — offering rewards up to $10,000 worth of USDT for actionable intelligence that leads to freezing the funds.
Bounty 2: White Hat Recovery — providing a 5% incentive of the recovered amount as a white hat reward.
For full details and terms, please refer to this blog 👉 https://wazirx.com/blog/wazirx-bounty-program/
Your expertise and collaboration are crucial in these efforts to secure and recover the stolen funds 🙏
📢 Update: In response to the cyber attack, we have filed a police complaint and are pursuing additional legal actions. We will keep the community updated as we proceed.
» Immediate Actions: We have reported the incident to the Financial Intelligence Unit (FIU) and CERT-In. We're reaching out to 500+ exchanges to block the identified addresses. Many exchanges are cooperating with us, and we are actively working with them on additional resources to aid our recovery efforts.
» Plan of Action: Our immediate plans include tracing the stolen funds, recovering customer assets, and conducting a deeper analysis of the cyber attack. We are collaborating with forensic experts and law enforcement agencies to identify and apprehend the perpetrators.
Thank you for your patience and understanding. We’ll keep you posted with further updates 🙏
📢 Update: We're aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused. Thank you for your patience and understanding. We'll keep you posted with further updates.
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Today is World Emoji Day 🚀
Based on your trading style, which emoji represents you the best? 👀
Top 5 Gainers on WazirX today 📈
🚀 $MDX: +20.44%
🚀 $DOCK: +19.85%
🚀 $TOKEN: +15%
🚀 $ALICE: +14.31%
🚀 $BEAMX: +14.28%
Which one are you most bullish on for this week?