Recovery Fund
- All
- News
- Videos
-
WazirX's Nischal Shetty Asks Users to Withdraw Available Funds as Full Recovery Unlikely
Nischal Shetty, co-founder of WazirX, informed Gadgets360 that individuals in urgent need of funds have begun withdrawing their INR balances from the platform. Officials also said that users affected by the recent hack may face challenges in recovering approximately 43 percent of the funds they had stored on WazirX.
-
CoinSwitch Sues WazirX in Attempt to Recover $9.65 Million of Its Own Funds
In a detailed post published on X, CoinSwitch disclosed that two percent of its total funds — worth Rs. 810 crore (roughly Rs. 9.65 million) — were saved with WazirX, that are now stuck.
-
Binance Claims to Have Recovered $73 Million of Funds Stolen via Hacks, Scams in Q2 2024
Binance’s security team has successfully recovered or frozen over $73 million (roughly Rs. 612 crore) in user funds from external hacks as of July 31, 2024. The platform identified and secured funds linked to hacks or scams that had made their way onto Binance, preventing further loss to users.
-
Chiranjeevi And Ram Charan Donate Rs 1 Crore To Kerala CM Relief Fund For Wayanad Landslide Victims
"My prayers for the recovery of all those in pain," wrote Chiranjeevi
-
Crypto Startups Turbocharge Valuations as Investment Picks Up
Crypto startups are putting valuations in the fast lane with an aggressive form of fundraising that reflects the digital-asset industry’s recovery as well as a desire among venture funds to put money to work.
-
Taiwan Approves $878 Million For Relief After 7.8 Magnitude Earthquake
A 7.4 magnitude earthquake hit Taiwan last month. It was the most serious quake in its history. Taiwan's government has approved around $878 million to fix the massive landslides which blocked tunnels and damaged several roads and
-
Sam Bankman-Fried Urges Lenient Sentence, Citing FTX Fund Recovery
Sam Bankman-Fried's lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder's conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back.
-
Crypto Market Eyes Interest Rates, Expected Bitcoin ETFs in 2024 After Recovery
After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and frau...
-
Centre Approves Rs 1,658 Crore Recovery, Reconstruction Plan For Joshimath
Under this plan, Rs 1079.96 crore of central assistance will be provided from the recovery and reconstruction window of the National Disaster Response Fund (NDRF).
-
Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
-
$1.5 Billion Loan Granted To Ukraine By World Bank For Reconstruction Aid
Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday.
-
A To Zee Of Subhash Chandra's Fraud
Zee founder Subhash Chandra and his son Punit Goenka used an intricate web of entities to fake recovery of loans and siphoned off funds "for their own benefit", markets regulator Securities And Exchange Board Of India (SEBI) has alleged.
-
IMF Approves $15.6 Billion Support Package For Conflict-Hit Ukraine
The International Monetary Fund has approved a $15.6 billion support package for Ukraine to assist with the conflict-hit country's economic recovery, the fund said in a statement Friday.
-
"Only Option We Have...": Sri Lanka President On Economic Recovery
In the face of unprecedented economic hardship in Sri Lanka, President Ranil Wickremesinghe has said that the only option for the island nation to emerge from this crisis is to seek the support of the global lender International Monetary Fund (IMF).
-
Binance to Establish Industry Recovery Initiative to Invest in Digital Sector Companies
Cryptocurrency exchange Binance said on Thursday it was committing $1 billion (nearly Rs. 8,200 crore) to establishing an industry recovery initiative (IRI) to invest in companies from the digital assets sector. The move comes at a time when the crypto market is teetering from the collapse of FTX, which is seeking Chapter 11 bankruptcy protection i...
-
WazirX's Nischal Shetty Asks Users to Withdraw Available Funds as Full Recovery Unlikely
Nischal Shetty, co-founder of WazirX, informed Gadgets360 that individuals in urgent need of funds have begun withdrawing their INR balances from the platform. Officials also said that users affected by the recent hack may face challenges in recovering approximately 43 percent of the funds they had stored on WazirX.
-
CoinSwitch Sues WazirX in Attempt to Recover $9.65 Million of Its Own Funds
In a detailed post published on X, CoinSwitch disclosed that two percent of its total funds — worth Rs. 810 crore (roughly Rs. 9.65 million) — were saved with WazirX, that are now stuck.
-
Binance Claims to Have Recovered $73 Million of Funds Stolen via Hacks, Scams in Q2 2024
Binance’s security team has successfully recovered or frozen over $73 million (roughly Rs. 612 crore) in user funds from external hacks as of July 31, 2024. The platform identified and secured funds linked to hacks or scams that had made their way onto Binance, preventing further loss to users.
-
Chiranjeevi And Ram Charan Donate Rs 1 Crore To Kerala CM Relief Fund For Wayanad Landslide Victims
"My prayers for the recovery of all those in pain," wrote Chiranjeevi
-
Crypto Startups Turbocharge Valuations as Investment Picks Up
Crypto startups are putting valuations in the fast lane with an aggressive form of fundraising that reflects the digital-asset industry’s recovery as well as a desire among venture funds to put money to work.
-
Taiwan Approves $878 Million For Relief After 7.8 Magnitude Earthquake
A 7.4 magnitude earthquake hit Taiwan last month. It was the most serious quake in its history. Taiwan's government has approved around $878 million to fix the massive landslides which blocked tunnels and damaged several roads and
-
Sam Bankman-Fried Urges Lenient Sentence, Citing FTX Fund Recovery
Sam Bankman-Fried's lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder's conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back.
-
Crypto Market Eyes Interest Rates, Expected Bitcoin ETFs in 2024 After Recovery
After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and frau...
-
Centre Approves Rs 1,658 Crore Recovery, Reconstruction Plan For Joshimath
Under this plan, Rs 1079.96 crore of central assistance will be provided from the recovery and reconstruction window of the National Disaster Response Fund (NDRF).
-
Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
-
$1.5 Billion Loan Granted To Ukraine By World Bank For Reconstruction Aid
Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday.
-
A To Zee Of Subhash Chandra's Fraud
Zee founder Subhash Chandra and his son Punit Goenka used an intricate web of entities to fake recovery of loans and siphoned off funds "for their own benefit", markets regulator Securities And Exchange Board Of India (SEBI) has alleged.
-
IMF Approves $15.6 Billion Support Package For Conflict-Hit Ukraine
The International Monetary Fund has approved a $15.6 billion support package for Ukraine to assist with the conflict-hit country's economic recovery, the fund said in a statement Friday.
-
"Only Option We Have...": Sri Lanka President On Economic Recovery
In the face of unprecedented economic hardship in Sri Lanka, President Ranil Wickremesinghe has said that the only option for the island nation to emerge from this crisis is to seek the support of the global lender International Monetary Fund (IMF).
-
Binance to Establish Industry Recovery Initiative to Invest in Digital Sector Companies
Cryptocurrency exchange Binance said on Thursday it was committing $1 billion (nearly Rs. 8,200 crore) to establishing an industry recovery initiative (IRI) to invest in companies from the digital assets sector. The move comes at a time when the crypto market is teetering from the collapse of FTX, which is seeking Chapter 11 bankruptcy protection i...
