WazirX announces a bounty program to recover assets stolen in a recent cyberattack, enlisting the help of expert groups and over 500 exchanges.
Points
- WazirX launches bounty program to recover stolen assets.
- The exchange collaborates with expert groups and 500+ exchanges.
- The cyberattack resulted in a $235 million loss.
- WazirX emphasizes community and expert support to resolve the issue.
In response to a significant cyberattack, WazirX, one of India’s leading cryptocurrency exchanges, has announced the launch of a bounty program aimed at freezing and recovering the stolen assets. The cyberattack, which resulted in a loss of approximately $235 million, has prompted WazirX to take immediate and comprehensive actions to address the situation.
In a post on X, WazirX outlined several measures it has implemented following the cyberattack. The exchange filed a police complaint and reported the incident to the Financial Intelligence Unit （FIU） and CERT-In. Additionally, WazirX’s co-founder Nischal Shetty stated that the exchange is reaching out to over 500 exchanges to block the identified addresses associated with the stolen funds. This cooperation is crucial as the stolen assets move through various platforms.
To further enhance their efforts, WazirX is preparing a bounty program to incentivize individuals and entities to help freeze or recover the stolen assets. The team is also in discussions with several expert groups specializing in tracking cryptocurrency transactions, who will provide continuous monitoring and support in the recovery process.
WazirX expressed gratitude for the support from the broader Web3 ecosystem and emphasized the need for collective effort to resolve the issue and maintain the ethos of Web3 communities. Shetty noted that the team is currently analyzing data to understand the extent of the damage caused by the attack, which is critical for formulating an effective recovery plan and addressing the impact on customer funds.
In addition to internal efforts, WazirX is collaborating with forensic experts and law enforcement agencies to identify and apprehend the perpetrators. This collaboration aims to ensure that the culprits are brought to justice and that as many stolen assets as possible are recovered.
解説
- WazirX’s launch of a bounty program to recover stolen assets showcases its proactive approach to addressing the significant cyberattack.
- Collaboration with over 500 exchanges and expert groups highlights the exchange’s commitment to freezing and recovering the stolen funds.
- The $235 million loss underscores the severity of the cyberattack and the importance of robust security measures in the cryptocurrency space.
- WazirX’s efforts to engage the Web3 community and law enforcement demonstrate the collective action required to combat cybercrime and protect users.
- The exchange’s comprehensive approach, including forensic analysis and expert consultations, aims to restore trust and security for its users.