when

WazirX

<p>Nischal Shetty, the creator of WazirX, has revealed his intentions to retrieve the pilfered crypto cash. He has also made it clear that <a href="https://optimisus.com/news/crypto-news/major-security-breach-at-indian-crypto-exchange-wazirx-over-235-million-stolen/" rel="noopener noreferrer nofollow">no security breach took place</a> before July 18.</p>  
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<p>There has been disinformation circulating regarding the hacking of WazirX and a few wallets, which occurred eight days before the actual theft. The platform is currently developing a system to conduct polls and will consider reopening if the results of the poll are favorable.</p>  
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  https://twitter.com/CryptoKing053/status/1816808756824674427
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<p>WazirX intends to initiate by securing a portion of each individual's crypto portfolio value in locked tokens and then seeking ways to release those tokens. The Indian government has implemented prudent restrictions and taxation policies on crypto.</p>  
<p>In response, the community has proposed the practice of burning tokens using exchange proceeds gradually, exploring novel applications for the token, and distributing tokens through airdrops from new initiatives.<br><br>The attack took place when the custody provider Liminal was in operation; however, the product platform and infrastructure remained secure and were not compromised.</p>  
<p>WazirX has made significant progress in its recovery efforts, having received a total of 195 submissions. According to PeckShield, the hacker transferred $57 million worth of ETH to two newly created crypto wallets, with the majority of the funds sent to the address "0x58d."</p>  
<p>WazirX has introduced two bounty programs: the "track and freeze" bounty, which provides a reward of $10,000 in Tether (USDT) for retrieving information that leads to the freezing of stolen assets, and the "white hat recovery" bounty, which offers a payment of up to 10% of the amount recovered for assisting in the recovery process.</p>  
<p>Users on X, formerly Twitter are disappointed and seeking answers from the exchange.</p>  
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  https://twitter.com/cryptoamanclub/status/1816809593302827049
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<p>The post <a href="https://optimisus.com/market/market-news/wazirx-exchange-launches-two-bounty-programs-for-recovering-stolen-assets/" rel="noopener noreferrer nofollow">WazirX exchange launches two bounty programs for recovering stolen assets</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.</p>

WazirX exchange launches two bounty programs for recovering stolen assets

Optimisus

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