WazirX Reverses Trades After Hack, Faces Challenges in Recovering Stolen Funds

After a major hack in July 2024, WazirX, a cryptocurrency exchange, decided to reverse all trades made during the attack and restore customer accounts to their previous state. The goal was to ensure a fair solution for all users affected.

Despite this effort, WazirX has faced ongoing challenges in recovering the stolen funds. Months after the hack, the exchange and its former partner, Liminal, have been blaming each other for the breach and the loss of funds, making it difficult to determine who was truly responsible.