WazirX Spokesperson Addresses Community Over Recent Hack

• WazirX takes steps to restore stolen funds in a recent hack.
• The exchange is in touch with field experts over the issue.
• The attack was unprecedented and negatively affected the entire Web3 ecosystem.

The WazirX team has informed its users’ community of the latest steps taken to restore the funds stolen from the platform during a recent hack. Per multiple reports, hackers exploited the WazirX crypto exchange on July 18, transferring about $235 million from its Safe Multisig ETH wallet to a new address.

WazirX Team is actively working on next steps.

1. We’re preparing a bounty program to help us freeze/recover the stolen assets
2. Further discussions on continuous tracing of fund movements, we’re in touch with a few teams that claim to be experts at this.
3. We’ve informed all…

— Nischal (Shardeum) (@NischalShetty) July 20, 2024

Meanwhile, the crypto exchange’s spokesperson, Nischal, took to X to highlight their steps to recover the stolen funds, including preparing a bounty program to help them freeze and recover the stolen assets. According to Nischal, the WazirX team is discussing continuous tracing of the funds’ movement and is in …

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