Indian crypto exchange WazirX to enable phased withdrawals of rupees from August 26

Bobby Cirus

Indian crypto exchange WazirX to enable phased withdrawals of rupees from August 26

WazirX said the operating entity for its rupee-related business, Zanmai Labs, was not affected by the attack and had sufficient reserves to cover the balances. However, it had to withhold the remaining 34% of the funds due to investigations by law enforcement agencies, the company said. The timeline for the release of those frozen balances is unclear, it said.

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