WazirX Faces Prolonged Fallout from $230M Hack as Stolen Funds Continue to Move

Two months after a major security breach, WazirX struggles with fund recovery amid blame-shifting and legal challenges.

Hackers have moved $33 million of the stolen funds through Tornado Cash, complicating recovery efforts.
WazirX and its custody provider Liminal accuse each other of responsibility for the breach, with no clear resolution in sight.
Binance has denied claims of ownership or control over WazirX, further muddying the waters of accountability.
Only 441 out of two million monthly users supported WazirX's moratorium application for a 30-day extension on its internal investigation.
Legal actions are mounting, including a notable lawsuit from rival exchange CoinSwitch seeking to recover $6.2 million.