Crypto exchange WazirX has an asset deficit of 45% and withdrawals could take 6 months

Crypto exchange WazirX’s users have raised concerns as the exchange reveals a 45% asset deficit following a cyberattack in July 2024. The company can reportedly only return up to 50% of funds, with withdrawals expected to take at least six months. Amid its restructuring efforts taking place during a moratorium, users are worried about transparency

Source: Cryptopolitan