WazirX's Response to $230 Million Hack: New 10% Bounty Program and Security Review Initiated
WazirX's Major Security Incident
Following a significant $230 million hack, WazirX has implemented strict measures to protect its users. The exchange has suspended trading activities for a thorough investigation. As part of its recovery efforts, WazirX has introduced a 10% bounty program aimed at incentivizing white hat hackers to aid in asset recovery.
New Security Measures
- Trading on WazirX is currently halted.
- A white hat bounty program offering 10% rewards has been established.
- The exchange plans a complete security review to reinforce user safety.
Conclusion
WazirX’s response highlights its commitment to user safety and financial security. With the introduction of the bounty program and plans for enhanced security measures, WazirX aims to rebuild trust among its users.
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.