Coverage of taxation, regulation, Web3 startups, and national digital payments shaping India’s crypto scene.
WazirX allows early phased withdrawals amid $230 million hack aftermath as hacker moves $6.5 million in stolen Ether through Tornado Cash
Assad Jafri 2 min read 
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.
