Analysis of the $235 million theft from Indian exchange WazirX
On July 18, 2024, according to Beosin Alert monitoring warning, the Indian exchange WazirX was attacked, involving funds of more than US$235 million.
JinseFinanceOn July 18, 2024, according to Beosin Alert monitoring warning, the Indian exchange WazirX was attacked, involving funds of more than US$235 million.
JinseFinanceThe move is intended to meet the “proliferation of all of these different protocols,” Anchorage Digital’s president said.
OthersThings are not going well for Anchorage Digital. The crypto bank just announced a 20% cut in its staff, citing regulatory uncertainty.
cryptopotatoThe laid off workers were told they would be paid for 45 days.
Coindesk"Either Galaxy owes BitGo a $100 million termination fee as promised or it has been acting in bad faith and faces damages of that much or more," said R. Brian Timmons.
CointelegraphIndia’s Enforcement Directorate, which investigates financial crime, has frozen WazirX bank accounts while it looks at transfers from instant loan companies to international wallets.
CointelegraphThe Directorate of Enforcement of India alleged that WazirX "actively assisted around 16 accused fintech companies in laundering the proceeds of crime using the crypto route."
CointelegraphAnchorage hinted that the OCC’s actions could help establish a regulatory precedent that would encourage other companies in the space to establish federally regulated digital asset banks.
CointelegraphIn 2021, the firm made seven investments and one exit in an early-stage NFT business.
CointelegraphThe bank hinted that the OCC’s actions might help establish a regulatory precedent that could encourage other firms in the space to set up federally regulated digital asset banks.
Cointelegraph