After being hit with a massive hack that resulted in $234 million of investor funds being lost from the WazirX exchange’s Safe Multisig wallet, the platform has finally restored investor balances after almost a month.
However, there is still no clarity on when users will be able to withdraw their funds, causing frustration and anxiety among investors.
On August 16, WazirX provided an update stating that they are currently working on two main issues: resolving Indian Rupee (INR) balances and addressing any problems with cryptocurrency balances.
These solutions are currently under legal analysis and the company is waiting for confirmation from their partners to assist in resolving these issues.
On the same day, WazirX also announced the successful completion of their scheduled maintenance, which began at 2 am.
This maintenance occurred after all operations were suspended on the platform on July 18, the day of the hacking.
