WazirX Awaits Court Approval to Resume Operations Following Cyberattack

The Indian cryptocurrency exchange WazirX has halted operations following a major cyberattack, seeking court approval to resume services. This decision could significantly impact the crypto trading landscape and investor confidence in the industry. The attack’s effects on market stability are already being felt as user trust continues to be shaken. WazirX seeks legal clearance after the incident and is focusing on strengthening security protocols and rebuilding its user base. Other cryptocurrency platforms may also face increased scrutiny from regulators in light of this event.