Crypto Exchange WazirX Closes All Open Orders
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Indian cryptocurrency exchange WazirX announced yesterday that it had cancelled all open trades and returned any reserved INR and crypto assets to users’ balances.
The exchange stated that the decision was part of their efforts to resolve ongoing issues with INR and crypto balances on the platform.
Last month, the exchange was subject to a $230 million exploit, leading to a halt in all trading. The exchange then proposed a recovery program, which sparked backlash on social media.
There were speculations that the exploit was linked to North Korea’s infamous Lazarus Group, and it is unlikely that the affected crypto assets will be recovered.
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