India’s crypto change WazirX stated Wednesday it has canceled all excellent open orders on its platform as a part of “ongoing efforts” to resolve points involving the Indian rupee and crypto balances.
“Any INR and crypto belongings blocked in these open orders will probably be added to your respective balances,” WazirX stated in a publish to X.
It follows the change’s $230 million hack in July, which noticed hackers make off with $102 million price of Shibu Inu tokens, $52 million in Ethereum, and $11.2 million price of Polygon’s native token Matic.
Different tokens misplaced within the theft included Pepe, USDT, and gaming blockchain Gala’s native token of the identical title. The hackers then tried to promote the stolen tokens on the open market, in line with third-party blockchain explorer Lookonchain.
On the time of its hack, the change stated a cyber assault had occurred in one in all its multi-sig wallets using the providers of digital asset custody and pockets infrastructure supplier Liminal.
It is unclear whether or not the cancelation on Wednesday was a part of points pertaining to the theft in July. WazirX confirmed to Decrypt it was nonetheless working to resolve the problem.
The change didn’t reply to a request for touch upon whether or not the incident on Wednesday and its July hack are linked.
The Mumbai-based agency touts itself as one in all India’s largest and fastest-growing crypto exchanges. It additionally claims to be the nation’s “most trusted Bitcoin and cryptocurrency change,” in line with its web site.
Regardless of these reassurances, the change’s native token, WazirX (WRX), has fallen 97% from its April 2021 all-time excessive of $5.88, CoinGecko knowledge exhibits.
The token is buying and selling 1.2% greater on the day regardless of Wednesday’s developments and follows a 25% droop on July 19, from $0.16 to round $0.12, proper across the time of the hack.
