WazirX’s ability to restore balances and secure assets on its platform will impact its future and the security of the broader industry.
Indian crypto exchange WazirX has announced details of a maintenance period designed to restore account balances and undo specific trades.
According to an X post, the maintenance will take place from 6:00 pm Indian Standard Time on Aug. 15 until 2:00 am IST on Aug. 16, during which all services on WazirX will be temporarily unavailable.
WazirX was hacked on July 18 and involved the theft of $234.9 million in cryptocurrency assets. The breach was first detected by Web3 security firm Cyvers, which identified multiple suspicious transactions originating from WazirX’s Safe Multisig wallet on Ethereum.
