<ul><li>Indian crypto exchange WazirX has disclosed its proof-of-reserves (PoR) report, revealing that over 40% of customer assets are stored on third-party exchanges.</li><li>As of Oct. 24, WazirX holds $298.17 million in 242,000 wallets, out of which $157.01 million is held on-chain, $126.91 million is stored externally on other exchanges, and no assets are in third-party custody.</li><li>WazirX plans to secure a new third-party custodian that offers fund insurance to enhance customer protection.</li><li>The exchange is actively cooperating with government agencies to investigate a July cyberattack that resulted in a $235 million loss of client funds.</li></ul>

WazirX reveals 40% customer assets held on third-party exchanges amid transparency push

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