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What happens to WazirX users after USD230 million hack drains nearly half reserves
Economy
Published on 24 April 2026
Half the reserves vanished overnight in the breach
WazirX, one of India’s largest crypto exchanges, says nearly half of its USD 503 million reserves were wiped out in a cyberattack, wiping away about USD 230 million. The breach raises urgent questions about withdrawals, custody of user assets, and timelines for recovery, leaving investors to navigate uncertainty even as investigations continue.
- About half of WazirX’s reported reserves were lost
- The estimated hit is around USD 230 million
- Users face uncertainty over withdrawals and recovery timelines
- Investigations focus on how the cyberattack succeeded
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times