WazirX Announces Initiative to Recover Stolen Funds After Major Security Incident
Saturday, 20 July 2024, 16:30
WazirX Bounty Program Overview
In a significant development, WazirX has announced a program aimed at recovering $230 million lost in a recent security breach. Co-founder Nischal Shetty provided updates on the situation and the measures being implemented.
Key Points about the Security Breach
- The breach impacted the Indian crypto exchange WazirX.
- Efforts are being made to recover the lost funds.
- There is a strong emphasis on improving security measures to prevent future incidents.
Conclusion
The launch of the bounty program represents WazirX's proactive approach to safeguarding its users and assets. By taking immediate action, the exchange is working diligently to restore trust and ensure enhanced security practices going forward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.