WazirX Hack News: FIU Launches Probe Into Exchange’s Security Failures
The post WazirX Hack News: FIU Launches Probe Into Exchange’s Security Failures appeared first on Coinpedia Fintech News
After nearly 7 months, WazirX, one of India’s largest cryptocurrency exchanges, is under intense scrutiny as the Financial Intelligence Unit (FIU) has been ordered to investigate the platform for fraud and security failures. This directive, issued by India’s Ministry of Finance on February 14, 2025, comes months after WazirX suffered a massive ₹2000 crore hack, putting over ₹4500 crore in user funds at risk.
