Fallout From WazirX’s $235M Exploit: Crypto Exchange Files Police Complaint

Quick Summary:

After being hit by a massive hack that resulted in the loss of $235 million for its investors on Thursday, India-based cryptocurrency exchange WazirX has taken immediate steps to mitigate the damage and filed a police complaint to recover the stolen funds.

The wallet’s configuration involved six signatories, including five from the WazirX team and one from Liminal, who were responsible for verifying transactions.

In response to the cyber attack, we have filed a police complaint and are pursuing additional legal actions.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryIndia

Topics: WazirX DeFi Cryptocurrencies Crypto news Crypto regulation Crypto News WazirX Exchange Crypto Cryptocurrency WazirX Hack WazirX news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-20 @ 12:00:39 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21693731

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Official Website: bitcoinist.com

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Year Established: 2014

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News Last Updated: 8 hours ago

Coverage Areas: Hungary

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