WazirX halts trading after $230 million hit to crypto exchange

WazirX, one of India’s largest cryptocurrency exchanges, has suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security breach. The Mumbai-based exchange said in a tweet that the cyber attack had substantially impaired its ability to maintain the critical 1:1 collateral ratio with assets, […] © 2024 TechCrunch. All rights reserved. For personal use only....