WazirX Takes Legal Action Following 23 Billion Cyber Attack

Byadmin

Aug 6, 2024
WazirX Takes Legal Action Following 23 Billion Cyber AttackWazirX Takes Legal Action Following 23 Billion Cyber Attack

Cryptocurrency exchange WazirX has officially submitted its first Information Report (FIR) concerning a recent hacker attack that resulted in significant financial losses. The exchange is actively collaborating with authorities to address this incident and keep users informed of the latest developments.

On May 5, WazirX confirmed that the FIR has been registered at the police station in New Delhi under the BNS and Information Technology Act. The report was filed following an earlier complaint regarding a cyber attack on its wallets, which led to the theft of over $2.3 billion.

The exchange reassured users that it is working with law enforcement and other agencies to recover the stolen assets and bring those responsible to justice. In response to criticism, WazirX abandoned its plan to distribute financial losses among users and is instead focusing on enhancing security measures.

Following the announcement of the FIR, some users criticized the delay in submitting the report, claiming it should have been filed earlier. WazirX clarified that the initial complaint was made immediately after the hacking incident, and the FIR process typically requires additional time. Nishal Shetty emphasized the exchange’s commitment to resolving the issue and recovering the stolen funds.

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