Recently, a series of events has influenced the state of the WRX Coin and the Indian cryptocurrency exchange, WazirX. A massive hack led to the loss of approximately $235 million from WazirX, resulting in a sharp 15% drop in the value of the WRX coin. Other cryptocurrencies such as Bitcoin, Tether, and SHIB were also affected, trading at considerable discounts post-hack.
Despite the breach and ensuing controversy, the WRX coin has managed to maintain a bullish stance. The exchange has moved to safeguard its assets by transitioning them to a new MultiSig and is preparing to resume withdrawal processes. On the other hand, concerns have been raised about who controls the WRX token, with WazirX claiming that control lies with Binance. Central Goods and Services Tax (CGST) Mumbai also recently uncovered a Rs 40 Crore GST evasion by WazirX and managed to recover Rs 49.2 Cr. However, amidst the turmoil, the exchange has continued focusing on user benefits, such as compensating those who incurred significant losses on volatile meme coins and enabling INR deposits and withdrawals. A bold price forecast for the WRX coin suggests a possible explosion in the near future, bolstering investor optimism despite the recent troubles faced by the exchange.
WRX Coin News Analytics from Mon, 29 Mar 2010 07:00:00 GMT to Thu, 05 Sep 2024 07:00:00 GMT - Rating 6 - Innovation 3 - Information 7 - Rumor 5