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News Explorer — WazirX Sets Aside Funds for Legal Costs Following July Cyberattack

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Aug 30, 8:40 am
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WazirX Sets Aside Funds for Legal Costs Following July Cyberattack

WazirX, the Indian exchange that suffered a cyberattack in July resulting in the theft of hundreds of millions of dollars in crypto, has set aside millions of dollars to cover legal costs. The holding company of WazirX has filed an affidavit requesting a 30-day moratorium to stabilize the platform and prevent further legal disruptions. The exchange has suspended withdrawals and is working to restore user funds.

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