Co-founder of WazirX Nishkal Shetty announced the creation of the largest decentralized exchange (DEX) in India, which will be registered abroad. The platform plans to compensate the losses of 4.4 million users after a hacker attack, who lost 45% of their funds. However, users are skeptical about the restoration of trust in the exchange after the losses and long delays. Shetty hopes to attract investors after the test launch in January 2025, but whether WazirX will be able to regain its lost positions remains an open question.
11/19/2024 2:18:27 PM (GMT+1)
WazirX plans to create the largest decentralized exchange in India, registered abroad, to compensate for the losses of 4.4 million users after the hacker attack on 2000 crores rupees 💻
727
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
The court dismisses the lawsuit against DOGE by Elon Musk, allowing access to data from the U.S. Department of Treasury despite concerns about leaks of confidential information
Binance launches a voting mechanism for the listing and delisting of tokens, providing users with more control and supporting new promising projects
Senator Tim Scott proposes a bill to exclude "reputational risk" in banking regulations, with the goal of stopping the de-banking of cryptocurrency companies and legal businesses
Utah removed the creation of a Bitcoin reserve fund from the HB230 bill, which now focuses on protecting the rights of miners and digital asset owners
Turkish bank BankPozitif is launching a cryptocurrency custody service in partnership with Taurus, having received a license from the Turkish Securities and Exchange Commission for the safe custody of digital assets
The Cardano Foundation enters into a strategic partnership with SERPRO to implement blockchain technologies in Brazil's public sector and train 8,000 employees
Russia excluded Bitcoin from national reserves, strengthening its positions in gold and the Chinese yuan as part of a financial strategy to ensure stability and liquidity
