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CoinGape

CoinGape

WazirX crypto exchange declares no internal system compromise in $230M hack

CoinGape
Summary
Nutrition label

63% Informative

WazirX, one of India ’s largest crypto exchanges, experienced a significant security breach last month .

The breach targeted a multisig wallet, an advanced crypto wallet requiring multiple private keys to authorize transactions.

The Indian crypto exchange is engaging with rivals and industry peers for support or a potential buyout.

The exchange is exploring options including a Bounty Program offering rewards up to $ 10,000 worth of USDT .

VR Score

45

Informative language

38

Neutral language

56

Article tone

formal

Language

English

Language complexity

58

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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