WazirX has announced a multi-step recovery plan including trading platform relaunch, new revenue streams, legal actions, and strategic partnerships to aid affected users.
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Shardeum was founded in 2022 by Nischal Shetty, founder of Wazirx cryptocurrency exchange, and Omar Syed.
Due to the significant depletion of ERC-20 token reserves following the $230 million cyberattack on July 18, WazirX announced that it is unable to resume cryptocurrency withdrawals.
CZ said on August 5 that the company does not own Indian crypto exchange WazirX, a deal that was understood to be completed back in 2019.
WRX is now amongst the top 100 cryptos worldwide with current market cap of $1.126 Billion.