Explore the latest news, in-depth reports, and executive analysis tagged with #Hack.
An international gang, which was operating from Dubai, China, Hong Kong, and the Philippines, was behind the hacking.
The exchange's plans to resume operations follows approval of a comprehensive restructuring proposal by a Singapore High Court.
In its internal proble, CoinDCX found that cybercriminals had gained unauthorized access to the exchange's systems using its employee's workplace login credentials.
The incident comes almost exactly a year after WazirX, then India’s largest crypto exchange, suffered a massive breach resulting in the loss of $230 million.
Once celebrated for disrupting SME banking with its neobank model, Open’s journey since hitting the $1 billion mark in 2022 has been anything but smooth.
The Singapore High Court has allowed WazirX's parent to convene a scheme meeting with the users of the cryptocurrency exchange.
WazirX proposed launching a decentralised exchange as well as a recovery token as part of its recovery strategy.
The alleged transfer included $72.13 million to Bybit and $1.5 million to KuCoin, Coinswitch co-founder Ashish Singhal posted on social media.
