Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
[WazirX Discloses That 40% Of Its Customer Assets Are Stored In Third-party Exchanges] According To Cryptoslate, The Indian Crypto Exchange WazirX Recently Disclosed Its Proof Of Reserve (PoR) Report, Showing That More Than 40% Of Customer Assets Are Stored In Third-party Exchanges. The Exchange Said It Deposited $98 Million, $26.81 Million And $2.1 Million In Three Different Exchanges, Respectively. WazirX Did Not Disclose The Names Of These Platforms, But The Crypto Community Speculated That These Platforms Might Be Bybit, KuCoin And Huobi. The Exchange Said Its PoR Dashboard Aims To Increase Transparency By Independently Verifying Its Wallet Addresses. As Of October 24, WazirX Held $298.17 Million In 242,000 Wallets. Of These, $157.01 Million Was Stored On The Chain, $126.91 Million Was Stored On Other Exchanges, And No Assets Were Held By A Third Party. In Addition, WazirX Noted That It Held $14.25 Million In Less Liquid Assets. Across Chains, The Exchange's Most Valuable Asset Is 1,140 BTC, Equivalent To $77.9 Million. This Was Followed By $26.7 Million Worth Of Cryptocurrencies On The Tron Blockchain, Including $14.7 Million Worth Of TRX And $1.6 Million Worth Of USDT. In Addition, WazirX Has Announced Plans To Hire A New Third-party Custodian To Provide Fund Insurance To Enhance Customer Protection. Previously, The Exchange Was Frozen Due To A $230 Million Cyber Attack In July, Which Froze User Funds And Suspended Most Cryptocurrency Withdrawal Services. WazirX Is Now Undergoing Legal Procedures To Reorganize
Quick access to 24/7
Quick access to more editor-selected real-time news
Exclusive video for free
FastBull VIPject team is dedicated to create exclusive videos
Follow More Symbols
You can add more symbols to your watchlist.
More comprehensive macro data and economic indicators
More comprehensive historical data on indicators to help analyze macro markets
Member-only Database
Comprehensive forex, commodity, and equity market data