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India Crypto Firms, Regulators Continue Their Regulatory Debate; Bitcoin Recovers From a Post-Invasion Freefall

At the time of publication, bitcoin was trading at about $38,200, up about 3% over the previous 24 hours. Ether was roughly flat at about $2,600. Most other altcoins in the top 20 by market cap were in the red, although Terra's LUNA was up over 9%. Solana (SOL) and

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Multichain recovers $2.6M stolen funds, to reimburse losses on condition

After a month-long fight against an ongoing exploit, cross-chain router protocol Multichain announced the recovery of nearly 50% of the total stolen funds, worth nearly $2.6 million of cryptocurrencies. The team has also released a compensation plan to reimburse the users’ losses.On Jan. 10, blockchain security expert Dedaub alerted Multichain

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Indian taxman recovers $6.62M from WazirX for evading tax on commission

Indian crypto exchange WazirX has reportedly paid over $6.62 million (49.2 crore rupees) following non-payment of Goods and Services Tax (GST) on trade commissions. The total recovery includes the pending tax of $5.43 million (40.5 crore rupees), the interest and a penalty for non-payment.Government officials from the Central GST and

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