Indian crypto exchange CoinDCX has achieved a significant milestone for its self-custodial wallet, Okto, by securing a business license from RAK Digital Assets Oasis.
Okto Wallet License from RAK DAO
According to an official press release from Okto dated August 27, the Web3 wallet secured a business license with RAK DAO, indicating a major stride in Web3 adoption. Okto is a Web3 wallet streamlined to facilitate the storage and management of digital assets over 10 EVM and non-EVM chains.
WazirX Hack
In the aftermath of the $230 million hack, the WazirX crypto exchange has gradually recovered, offering slight relief to users. The exchange kickstarted its first phase of withdrawals, allowing users access to 66% of their INR balances. However, the remaining 34% of the assets are currently frozen, leaving users stranded.
WazirX Recovery Strategy
The exchange and its founder Nischal Shetty assured users of a plan in action for the recovery of frozen funds. Besides, the current 66% INR balance settlement by WazirX is revealed to take place over a duration of two weeks. The exploitation attack has presented WazirX with quite a setback while, CoinDCX continues to cement its position across the crypto industry.
CoinDCX continues to make significant strides in the cryptocurrency industry, expanding its presence and welcoming new users. Meanwhile, WazirX is recovering from a major attack, promising users a full recovery.
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