More than 44 days after it was hit by a massive cyber hack that resulted in loss of 45% user funds, WazirX cryptocurrency exchange admitted on Saturday that it had “mistakenly” reported total user balance as $570 Million from the actual $546 Million.
The discrepancy was first reported by popular Indian crypto influencer Aditya Singh @cryptooady on ‘X’, while observing the affidavit report filed by WazirX’s parent company Zettai in the Singapore High Court.
On July 18, WazirX was hit by a cyber attack that resulted in a loss of 45% of user funds amounting to a total of $234 Million. The exchange has now approached the Singapore High Court for a moratorium to seek possible recourse for its users who are aggressively demanding compensation for their lost funds.
Hours after the influencer Aditya Singh called out the WazirX discrepancy in user funds, the exchange WazirX reduced its stated total user balance from $570 million to $546 million. Noticeably, Singh has been blocked on X by WazirX co-founder Nischal Shetty after he had posted a series of questions regarding transparency in the operations of the exchange.
Also Read: CoinDCX Ensures User Funds Are Safe After WazirX Hack
