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Top News of the Day: 1. Singapore-based e-commerce platform Qoo10 fires 80% staff 2. WazirX seeking capital to return funds stolen in ₹1,965-cr hack 3. Bluesky sees 1 mn new Brazilian users in 3 days after X suspension 4. GlobalBees, a company in

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Ronak Patel

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Medial • 8m

Will investors really fund WazirX to return funds stolen in hack?

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India’s Finance Ministry has ordered the Financial Intelligence Unit (FIU) to investigate WazirX for fraud, following the ₹2,000 crore hack that happened months ago. With over ₹4,500 crore in user funds at risk, criminal charges could be coming soon.

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CoinSwitch CEO Ashish Singhal announced the “CoinSwitch Cares” program on Tuesday, introducing a ₹600 crore recovery plan for WazirX users affected by the July 2024 cyberattack. The hack impacted over 4.4 million users, causing a total loss of ₹2,000

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