India’s crypto alternate WazirX mentioned Wednesday it has canceled all excellent open orders on its platform as a part of “ongoing efforts” to resolve points involving the Indian rupee and crypto balances.
“Any INR and crypto belongings blocked in these open orders can be added to your respective balances,” WazirX mentioned in a put up to X.
It follows the alternate’s $230 million hack in July, which noticed hackers make off with $102 million value of Shibu Inu tokens, $52 million in Ethereum, and $11.2 million value of Polygon’s native token Matic.
Different tokens misplaced within the theft included Pepe, USDT, and gaming blockchain Gala’s native token of the identical identify.
On the time of its hack, the alternate mentioned a cyber assault had occurred in certainly one of its multi-sig wallets using the companies of digital asset custody and pockets infrastructure supplier Liminal.
It is unclear whether or not the cancelation on Wednesday was a part of points pertaining to the theft in July. WazirX confirmed to Decrypt it was nonetheless working to resolve the problem.
The alternate didn’t reply to a request for touch upon whether or not the incident on Wednesday and its July hack are linked.
The Mumbai-based agency touts itself as certainly one of India’s largest and fastest-growing crypto exchanges. It additionally claims to be the nation’s “most trusted Bitcoin and cryptocurrency alternate,” in line with its web site.
Regardless of these reassurances, the alternate’s native token, WazirX (WRX), has fallen 97% from its April 2021 all-time excessive of $5.88, CoinGecko information exhibits.
The token is buying and selling 1.2% larger on the day regardless of Wednesday’s developments and follows a 25% stoop on July 19, from $0.16 to round $0.12, proper across the time of the hack.
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