Troubled Indian cryptocurrency exchange WazirX has partnered with BitGo Trust Company -- a regulated digital asset custodian and infrastructure provider -- to improve security of funds on its platform and rebuild user trust. In July 2024, WazirX parent firm Zettai Pte suffered a theft in which over USD 230 million was stolen from its platform. This incident left many users, known as creditors, with substantial financial losses.
The collaboration aims to highlight the measures being taken to restore user trust, a company statement said.
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