WazirX, a prominent crypto exchange, has taken decisive steps to recover $230 million lost in a recent hack. On July 19, the company filed a police complaint and reported the breach to the Financial Intelligence Unit (FIU) and CERT-In.
In an extensive effort, WazirX is collaborating with over 500 exchanges to block the identified addresses used by the hackers. This approach aims to prevent the stolen assets from being moved across multiple platforms.
The exchange’s commitment to user protection includes working with forensic experts and law enforcement to understand the breach’s cause. The hack, linked to a multisig wallet breach, resulted in significant losses and shook the crypto community.
This incident underscores the need for robust security measures in the crypto industry, highlighting WazirX’s proactive measures to safeguard user funds and enhance trust.
