Odaily News WazirX has released an important announcement regarding the next steps for INR and cryptocurrency withdrawals: It is unfortunate that users have been unable to withdraw cryptocurrencies from their accounts on the platform for some time, but it is not that simple to restore cryptocurrency withdrawals. Due to a cyber attack and the loss of a large amount of ERC-20 token balances due to theft, the available token assets are insufficient to repay the debts incurred by platform users due to token balances. For Indian Rupee balances, after careful evaluation and understanding of all user feedback, WazirX has decided that the suspension of withdrawals of INR balances will be lifted on August 26, 2024, and INR withdrawals will be enabled in phases. Next, the platform will soon submit an application to the Singapore High Court to ensure sufficient time for restructuring in accordance with the arrangement plan.