Places India

Stablecoins have evolved from niche crypto tools to mainstream financial asset used to hedge against economic uncertainty.

India, Singapore, and Indonesia are transforming the crypto landscape with strong adoption, innovative payment solutions, and explosive trading activity.

India's Financial Intelligence Unit is set to approve two new offshore crypto exchanges after a stringent compliance review.

WazirX is allowing its users to make partial withdrawals of their Inidan Rupee balance on the exchange.

WazirX allows early phased withdrawals amid $230 million hack aftermath as hacker moves $6.5 million in stolen Ether through Tornado Cash

WazirX said the moratorium would give it "breathing space" in its efforts to recover the stolen $235 million.

Nischal Shetty advises users to withdraw INR amid ownership dispute and recent $235 million hack.

The exchange will allow users to withdraw up to 66% of their INR balances in two phases starting Aug 26.

The phased withdrawal plan will allow users to access up to 66% of their Indian rupee (INR) balances, and it will roll out in two stages.

Sources familiar with the matter said the first step of the plan is to release a consultation paper in the coming weeks that will invite feedback from stakeholders.

Binance noted that India has a huge population of thriving crypto enthusiasts.

WazirX said it was shifting the assets to ensure their maximum security.

WazirX will notify users via email about the impacted trades and account reversals over the next few days.

Binance CEO Teng said the inflows shows investor's confidence in the crypto trading platform.

The exchange said the malicious transactions did not originate from WazirX servers, which points to a potential breach of Liminal's security.

The firm said its $23 million bounty program has attracted 133 responses as of press time.

PUSH token plummets following $230 million WazirX breach

The exchange described the attack as a "force majeure" event beyond its control.