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Will you pay? WazirX moves US$ 200 million and encourages creditors
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The controversial hacker attack against WazirX exchange resulted in the theft of US$235 million in cryptocurrencies. Since then, affected users have been demanding robust measures and the return of lost money. The exchange has already started some payments, but there is no forecast for returning the cryptocurrencies.
However, in September the exchange guaranteed a four-month moratorium to pay its debts, something that should happen soon. This is because recently the exchange moved US$200 million between its walletswhich left customers hopeful.
According to X user “0xLouisT“, WazirX made a joint move with Binance, implying that it is mobilizing to reimburse your customers. The user stated that he cannot confirm this information, but that the exchange is at least consolidating his funds into a single address.
User 0xLouisT, who is also a detective specializing in on-chain data, signaled that $200 million is being transferred to a wallet allegedly controlled by WazirX. This move sparked theories about what a rescue led by Binance could be.
Binance bailout or routine rebalancing?
In that search, one user speculated about a possible reimbursement deal and suggested “funding from Binance, likely for equity or token-based compensation.” Others put 95% probability that there is a refund announcement.
The researcher mentioned that WazirX consolidated user funds that were not stolen during the attack two months ago. To do this, the exchange moved these funds to a protected online wallet, removing them from deposit addresses and hot wallets.
He added that the same wallet (labeled 0x305) received US$200 million in different tokens from the “0xb03” wallet which was funded by Binance wallets.
A few hours later, the exchange published one asset rebalancing reminder this Friday (13). According to the news, WazirX is rebalancing tokens towards your offline wallets. He added that users may notice fund movement transactions from multiple wallets.
WazirX stated that a temporary asset consolidation It is one of the necessary steps taken before final allocations to secure your offline wallets. Once the rebalancing and portfolio management efforts are complete, the exchange said it will share a list of all wallets and the respective tokens held in them.
However, hopes for a deal remain firm, especially after Zettai Pte Ltd, the parent entity of Zanmai Labs which, in turn, operates WazirX in India, filed an application with the High Court of Singapore on December 6, 2024.
Will you pay? WazirX moves US$ 200 million and encourages creditors
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Will you pay? WazirX moves US$ 200 million and encourages creditors
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Will you pay? WazirX moves US$ 200 million and encourages creditors
