WazirX Reopens: Check The Date For When Crypto Withdrawals, Trading Start
Indian exchange WazirX is set to restart crypto trading and withdrawals for the first time since the July 2024 hack. Here’s the full schedule. WazirX Trading Restart Will Begin Rolling Out This Friday As announced in a new blogpost, WazirX is finally gearing up to restart trading. The crypto platform has been inoperational since July […]
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The ownership of WazirX became a hot topic as CZ claimed the deal never went through, but three years later, there’s still no clarity. The Twitter exchange between WazirX co-founder Nischal Shetty and Binance CEO Changpeng “CZ” Zhao over the ownership of the Indian crypto exchange grabbed a lot of headlines in the first week of August. WazirX was reportedly acquired by Binance in 2019, and ever since then, the Indian crypto exchange has been referred to as “Binance-owned”; however, to everyone’s surprise, CZ took to Twitter to claim that the acquisition process never went through and....
Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny. As reported by local news outlet The Economic Times on Monday, Binance is scheduled to remove off-chain fund transfers with Indian cryptocurrency exchange WazirX on Thursday, although users will still be able to deposit and withdraw balances via the standard withdrawal and deposit process between the two exchanges.Three days prior, The Directorate of Enforcement of India alleged that WazirX "actively assisted around 16 accused fintech companies in laundering the proceeds....
Just like Binance, India-based exchange WazirX will implement BUSD auto-conversion for balances of USDC, USDP and TUSD at a 1:1 ratio in October. Major Indian cryptocurrency exchange WazirX has opted to delist the USD Coin (USDC) from its platform and convert the remaining balances into Binance-backed Binance USD (BUSD) stablecoin.WazirX officially announced on Monday that it has stopped deposits of USDC alongside other stablecoins like Pax Dollar (USDP) and TrueUSD (TUSD).According to the announcement, the platform will instead offer the BUSD stablecoin to enhance liquidity and capital....
Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance mentioned that customers who have crypto on WazirX should transfer it to Binance’s platform. He stated in a Tweet that, If you have funds on WazirX, you should transfer it to Binance. Simple as that. We could disable WazirX wallets on a tech level, but we can’t/won’t […]
WazirX’s amended restructuring plan has gained 95.7% approval in the revote, bringing users another step closer to recovering their crypto. WazirX Restructuring Heads Back To Court After Overwhelming Support Indian crypto exchange WazirX became prey to a notorious hack in July of last year, in which it lost user funds amounting to about $235 million, […]