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WazirX Announces the Re-Opening of Crypto Trading Services!
In a significant development, WazirX has announced the re-opening of its crypto trading services. This decision comes after a hacking incident that led to the loss of nearly half of customers’ funds, rendering the platform unavailable for over four months.
The WazirX team has been working diligently to obtain regulatory approval and prepare a fresh start with enhanced services and a recovery-driven approach for scheme creditors. The exchange has informed its users that it is poised to reopen the platform and launch a decentralized exchange (DEX) with a more specialized, user-friendly ecosystem.
A noteworthy point is that the value of holding funds belonging to WazirX customers has surged significantly. The team plans to utilize these funds to support RTs, a type of centralized token that will be issued by the exchange to its users.
In related news, Binance has announced that it will delist WazirX’s native token, $WRX. This decision has led to a significant crash in the trade price of the token, which currently stands at $0.1. The move is believed to have been taken by Binance due to the dwindling confidence in the token following the WazirX hacking incident.
The development comes as a relief to investors and users who have been eagerly anticipating the re-opening of WazirX’s trading services.
Source: bitcoinik.com
