COINSWITCH

WazirX Breach Sparks Call for Better Security and Insurance in Crypto Industry

December 8, 2024December 8, 2024 - by Amina Hassan - Leave a Comment

The security breach at WazirX, resulting in a $230 million theft, has heightened calls for protective measures across crypto exchanges. While some platforms like CoinSwitch offer insured custodial wallets, industry …

Crypto

WazirX Hacked: $230 Million Stolen from India’s Largest Crypto Exchange

December 1, 2024December 1, 2024 - by Rajesh Choudhury - Leave a Comment

WazirX experienced a significant security breach leading to the theft of $230 million. The exchange temporarily paused withdrawals while investigating the incident. Industry leaders voiced reassurances about the safety of …