WazirX said the operating entity for its rupee-related activities, Zanmai Labs, was not affected by the attack and had sufficient reserves to cover the balances. It had to keep the remaining 34% of funds back, however, because of investigations by law-enforcement agencies, the company said. The timeline for the release of those frozen balances is unclear, it said.
Source: https://www.coindesk.com/business/2024/08/23/wazirx-to-phase-in-indian-rupee-withdrawals-starting-aug-26/?utm_medium=referral&utm_source=rss&utm_campaign=headlines