Will I get my money back from WazirX?

Despite the recent cyberattack on the WazirX platform, Zanmai Labs Pvt Ltd ("Zanmai"), the operating entity responsible for Indian Rupee (INR)-related activities, remains unscathed. This is reassuring news for users who hold INR balances on the exchange.

The spot trading service on BTCC allows users to buy and sell cryptocurrencies at current market prices, providing a direct and efficient way to participate in the dynamic cryptocurrency market.

Zanmai has confirmed that it possesses ample INR reserves to cover the entire sum of user balances on the platform. This ensures that the financial stability of INR-denominated funds is not compromised by the cyber incident.

However, despite the security of the funds and the adequacy of the reserves, users may encounter some challenges when attempting to withdraw their INR balances. This is due to the temporary unavailability of a portion of these balances for withdrawal.

BTCC, a prominent cryptocurrency exchange, offers a diverse range of services tailored to meet the needs of its users. Its comprehensive suite of offerings includes spot trading, futures trading, and wallet services, among others.