According to the amended scheme, the distribution of recoveries to “Scheme Creditors” will be managed through Zanmai India [File] | Photo Credit: REUTERS Users of the crypto exchange WazirX have voted once more in favour of a proposed restructuring scheme, announced the company this week, with supporters now hoping that the Singapore court will allow […]
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The latest development means that WazirX will have to explore alternatives [File] | Photo Credit: REUTERS Cryptocurrency exchange WazirX, which suffered a more than $230 million loss lost year after a multi-signature wallet was hacked, saw its proposed restructuring plan shot down by the Singapore High Court. The proposed plan, which WazirX said that 93.1% […]
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In a relief to Indian crypto exchange WazirX, the Enforcement Directorate (ED) unfroze its bank accounts. WazirX communicated in a blog post on Monday that it is now in a position to continue banking operations as usual, over a month after the ED froze its bank accounts to inspect money laundering cases. WazirX said it […]
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Users of the Indian cryptocurrency exchange WazirX are actively looking for new ways to deposit their cryptos to other exchanges. This comes days after the Enforcement Directorate (ED) said it had frozen bank balances of Rs 64.67 crore belonging to WazirX. “I don’t wish to take any further risks,” said Nishant Bhalerao, 28, a Mumbai […]
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Twenty-four-year-old Akshay Golellu, a cryptocurrency investor has withdrawn his digital assets from WazirX, India’s largest cryptocurrency exchange. “I didn’t want to risk my hard-earned savings. It could be just a matter of time before we won’t be able to withdraw or deposit, especially with the authorities taking action against the company.” He sums up the […]
Continue Reading“The lax KYC norms, loose regulatory control of transactions between WazirX and Binance, non-recording of transactions on block chains to save costs and non-recording of the KYC of the opposite wallets has ensured that WazirX is not able to give any account for the missing crypto assets,” the ED alleged in a statement. “The lax […]
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