WazirX Releases Important Announcement on Next Steps for Withdrawal of Indian Rupee and Cryptocurrency: For Cryptocurrency Balance, Users were unable to withdraw Cryptocurrency from Platform Account for a period of time, WazirX did not have enough Token Assets to repay the debts arising from Token Balance owed by Platform Users due to cyber attack and theft of ERC-20 Tokens. Subsequent application for Bankruptcy Restructuring will be filed with Singapore High Court for fair allocation of Cryptocurrency Assets in accordance with the Bankruptcy Plan and obtaining approval from Users.
For Indian rupee balances, WazirX will lift the suspension of withdrawal of INR balances on August 26, 2024 and will enable INR withdrawal in phases. WazirX will reduce withdrawal fees by 60% from Rs 25 to Rs 10.
WazirX: Indian rupee withdrawals will be launched in phases on August 26
2024-08-23 12:46:59
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