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WazirX Users Outcry on Scheduled Maintenance Post $234M Hack

 
Florence Muchai
Written By 
Florence Muchai
 
Harsh Chauhan
Written by 
Harsh Chauhan
August 15, 2024
WazirX Users Outcry on Scheduled Maintenance Post $234M Hack

Last month, WazirX led crypto hacks, having been hacked for over $234 million. Now, the Indian crypto exchange WazirX has announced a maintenance period aimed at restoring account balances and undoing specific trades.

WazirX Schedules Maintenance post-hack

According to a post on the X social platform, this maintenance will take place between 6 p.m. on August 15 and 2 a.m. IST on August 16, during which all the exchange’s services will be temporarily unavailable.

WazirX has thanked the crypto community for their continued patience and support. According to official communication, the maintenance is intended “to restore balances of all accounts and undo all trades made on the WazirX platform after the stoppage of withdrawals.”

As much as this is a good plan, users are not happy with the continued delay. One user on X states “The exchange is closed for almost 1 month. I request you to return the full funds to users and don’t effect other users to create balanced portfolio. Please act quickly and ensure the safety of the remaining assets which you have migrated to other multisig wallets.”

Other users have accused the exchange of trying to scam them. Another user on X says, “WazirX Team, what maintenance is left and what maintenance is left for you to do? Do you intend to run away from India? Anyway, you have troubled your Indian users a lot. If you stay in India, you will have to pay the funds.”

The user asks for clarification, adding, “You should know this very well: if you run away from India then nothing can be done, so till when will you be paying the users’ funds while staying in India, tell us quickly.”

The hackers have yet to be caught. However, in order to avoid having the assets frozen or blacklisted, the attacker transferred approximately $150 million in altcoins into Ether. 

Also Read: Chinese Police Uncover $1M USDT Money Laundering Scheme

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Florence Muchai
Written by Florence Muchai

Florence Muchai is a crypto journalist at CryptoNewsZ with four years of experience covering Crypto, Blockchain, Web3, NFT, and AI. She has written for MSN and CryptoPolitan, bringing a wealth of knowledge to the industry. Florence holds a Bachelor's Degree in Disaster Management and International Diplomacy and a Master's Degree in Clinical Psychology. She is a digital nomad and explores the intersections of decentralized and traditional finance, offering insightful analysis on wealth creation, financial literacy, and the evolving digital economy. She is passionate about empowering readers with knowledge and delves into emerging trends, regulatory developments, and the impact of blockchain on global finance.