WazirX

<ul><li>WazirX facilitates partial customer fund withdrawal from August 26 after the $230M hack.</li><li>While customers will have access to 66% of their funds, the remaining 34% is frozen.</li><li>The exchange will seek help from the High Court of Singapore for its restructuring plan.</li></ul>WazirX, one of the largest crypto exchanges in India, has <a href="https://wazirx.com/blog/announcement-2/" rel="noopener noreferrer nofollow">announced</a> that it will facilitate the partial withdrawal of customer funds in Indian Rupees (INR) nearly one month after the $230 million hack. According to WazirX’s official announcement on August 23, customers will be able to access 66% of their funds starting from September 26.Withdrawal Fee Reduced by 60%The crypto exchange announced a 60% reduction in the withdrawal fees. As per the notification, the fee is reduced from ₹25 to ₹10. The platform’s decision to decrease the fee highlights WazirX’s efforts to simplify the withdrawal procedures for its customers.34% INR Balances Remain FrozenZanmai Labs Pvt Ltd, the operating entity behind the INR-related activities on WazirX, is not affected by the hack. Though the platform holds sufficient INR reserves to cover all the INR user funds, they are not currently available completely. Thus, WazirX has decided to proceed with the withdrawal through multiple phases. The exchange has also revealed that 34% of the INR balances are frozen and not immediately available for withdrawal.<a href="https://cryptotale.org/wazirx-facilitates-partial-withdrawal-of-customer-funds-in-inr-post-230m-hack/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

WazirX Facilitates Partial Withdrawal of Customer Funds in INR Post $230M Hack

CryptoTale

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