WazirX, the Indian cryptocurrency exchange, has decided to allow users to partially withdraw their funds in INR starting August 26 in phases.
The company has been wading through choppy waters ever since it lost $230 million in a hack in July, forcing it to put a freeze on any withdrawals by the users.
In a statement on Friday, the company announced it will allow 66 per cent withdrawal of users' cash in INR in two phases – up to half between August 26 and September 8 and the remainder between September 9 and September 22.
The company said due to ongoing disputes and certain investigations by various law enforcement agencies, 34 per cent of INR balance is currently frozen.
"All INR balances remain secure and will be made available for withdrawal once the respective investigations and disputes are concluded," it said.
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