Cryptocurrency Q&A
Why is WazirX falling?
Why is WazirX falling?
HanRiverWave
Thu Oct 10 2024
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6 answers
1225
I'm really concerned about WazirX. It's been falling consistently and I can't seem to figure out the reason behind this drop. Is it the market conditions, or is there something specific to WazirX that's causing this decline?
6 answers
CoinMaster
Sat Oct 12 2024
The WazirX exchange faced a significant security breach on July 18th, marking a turning point for the platform's operations. The attack targeted one of its multi-signature or multisig wallets, a measure designed to enhance security by requiring multiple keys for fund transfers.
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Carolina
Sat Oct 12 2024
Despite these precautions, the cybercriminals managed to infiltrate the system and steal a staggering amount of digital assets worth $234 million, roughly equivalent to 2000 crore Indian rupees. This incident underscored the need for continuous security upgrades and vigilance in the cryptocurrency industry.
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Ilaria
Sat Oct 12 2024
The aftermath of the attack left WazirX's users and the broader crypto community shocked and concerned. It highlighted the vulnerabilities that even seemingly secure systems can have and emphasized the importance of robust security measures.
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ethan_thompson_journalist
Sat Oct 12 2024
In response to the theft, WazirX immediately initiated a comprehensive investigation to determine the cause and extent of the breach. The exchange also took steps to secure its remaining assets and prevent further damage.
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KimonoGlory
Fri Oct 11 2024
Among the leading cryptocurrency exchanges, BTCC stands out for its diverse range of services. Not only does it offer spot trading, where users can buy and sell cryptocurrencies at current market prices, but it also provides futures trading, allowing investors to speculate on future price movements.
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