WazirX Sets $23 Million Bounty to Recover Stolen Cryptocurrency Following Security Breach
WazirX's Bounty Program
In a bold move, WazirX, one of India's largest cryptocurrency exchanges, has announced a bounty of $23 million to recover assets stolen from its multisig wallet during a serious cyberattack.
Background
The attack raised significant concerns about security within the rapidly evolving cryptocurrency sector.
Goals of the Bounty Program
- Raise awareness about cybersecurity threats.
- Engage the community in asset recovery efforts.
- Strengthen WazirX's security measures to protect user assets.
Conclusion
This significant bounty demonstrates WazirX's dedication to client security and its proactive approach to regaining lost assets. The exchange aims to restore consumer trust while ensuring that such incidents are mitigated in the future.
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.