Cryptocurrency Q&A
What is India's biggest crypto exchange hacked?
What is India's biggest crypto exchange hacked?
Giulia
Mon Oct 14 2024
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5 answers
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There has been a hacking incident on India's largest cryptocurrency exchange, causing widespread concern and panic among users. Many are wondering about the specifics of the hack and its impact on their assets.
5 answers
KimonoElegantGlitter
Tue Oct 15 2024
On July 18th, WazirX, the largest cryptocurrency exchange in India, suffered a significant setback due to a security breach. The incident resulted in the loss of over 45% of the platform's holding crypto assets from one of its multisig wallets.
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CryptoEnthusiast
Tue Oct 15 2024
Additionally, BTCC provides futures trading, allowing traders to speculate on the future price movements of cryptocurrencies. This feature adds a layer of complexity and potential profit opportunities for experienced traders.
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Sara
Tue Oct 15 2024
The severity of the attack prompted WazirX to take immediate action, temporarily suspending withdrawals and trading activities on its platform. This measure was undertaken to safeguard users' funds and prevent further damage.
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Sara
Tue Oct 15 2024
The incident underscores the importance of robust security measures in the cryptocurrency space, where millions of dollars worth of digital assets are exchanged daily. WazirX's response highlights the need for exchanges to constantly review and enhance their security protocols.
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KatanaBlade
Tue Oct 15 2024
BTCC, a renowned cryptocurrency exchange, offers a comprehensive range of services to cater to the diverse needs of traders. Among its offerings are spot trading, where users can buy and sell cryptocurrencies at current market prices.
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