Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
WazirX returns; users wary over funds amid trust deficit
Mint Hyderabad
|October 25, 2025
The cryptocurrency exchange has resumed ops more than 15 months after a crippling hack
Nischal Shetty, founder of WazirX India, says the exchange will purchase recovery tokens based on profits and recovery efforts every quarter.
WazirX, once India’s largest cryptocurrency exchange by active users and trading volumes, reopened trading and withdrawals after more than 15 months on Friday.
However, limited release of funds to users has raised the hackles of both users as well as the crypto trade.
Even as users fretted about being shortchanged by the exchange, industry stakeholders, lawyers and investors expressed scepticism about whether the exchange can regain users’ trust and ensure legal compliance.
On day one of its return to trading, many users complained they were unable to access their full portfolio value, and in many cases even the full list of tokens they had invested in.
Mohit Gour, an investor, posted on X that his %1,39,000 portfolio showed a withdrawable balance of 350,000.
Syed Siraz, a second user, posted on X that his portfolio on the platform was a 10th of what it was 15 months ago.
Diese Geschichte stammt aus der October 25, 2025-Ausgabe von Mint Hyderabad.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Hyderabad
Mint Hyderabad
Finding a lifeline in simple acts of kindness
From shared cups of tea to WhatsApp group check-ins, it is simple bids for connection that act as unseen safety nets for people in despair
4 mins
October 28, 2025
Mint Hyderabad
Tata Sons’ infra units plan bond sales
Two subsidiaries of Tata Sons, operating in the real estate and infrastructure segments, are set to raise as much as ₹2,900 crore ($330 million) through short-term debt sale over the next two months, two merchant bankers said on Monday.
1 min
October 28, 2025
Mint Hyderabad
NRI taxes: when anti-abuse rules don't bite
Tve been living in Dubai for 10 years and trade shares globally full time. In India, I also trade in unlisted stocks. Recently, I bought and sold shares of an unlisted Indian company within a few days through my NRO account, at prices below those quoted on popular websites. Will there be any tax implications in India for trading below market prices? —Namewithheld on request
1 mins
October 28, 2025
Mint Hyderabad
A practical playbook to caring for your parents in India from abroad
Adequate insurance, medical corpus and trusted care networks for parents can turn anxiety into peace of mind
4 mins
October 28, 2025
Mint Hyderabad
CGHS plans smoother drug delivery
The government is set to soon roll out a digital revamp of the Central Government Health Scheme (CGHS) to improve delivery of medicines to its 4.7 million beneficiaries. The initiative aims to address recurring complaints of drug shortages and delays and will bring real-time tracking and accountability to ensure smooth delivery to one of India's largest public healthcare networks, according to two officials and documents reviewed by Mint.
1 mins
October 28, 2025
Mint Hyderabad
Starlink leases first office in Mumbai's Chandivali suburb
Elon Musk’s satellite internet company, Starlink, has taken its first major step toward establishing operations in India, choosing Mumbai as its hub.
1 mins
October 28, 2025
Mint Hyderabad
Stablecoins: How we could lead the digital evolution of finance
These tokens aren't a threat to the rupee but tickets to leadership if regulation and innovation converge to serve that purpose
3 mins
October 28, 2025
Mint Hyderabad
FIT is fit: We must retain India's inflation targeting framework
Stick with headline retail inflation as RBI's monetary-policy target but tighten the tolerance band
3 mins
October 28, 2025
Mint Hyderabad
Qualcomm unveils chip to rival Nvidia in AI accelerators
Qualcomm Inc., the top maker of mobile phone processors, is entering the lucrative artificial intelligence (AD) data center market with new chips and computers, aiming to challenge Nvidia Corp. in the fastest-growing part of the industry.
1 mins
October 28, 2025
Mint Hyderabad
GST cuts to boost demand, but global risks loom, says finmin
Goods and Services Tax (GST) rate cuts are set to bolster domestic demand by easing the tax burden on consumers and businesses, spurring consumption and investment across sectors, and supporting job creation, the finance ministry said in its monthly economic review for September, released on Monday.
1 mins
October 28, 2025
Listen
Translate
Change font size