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The post <a href="https://coinpedia.org/news/wazirx-cyber-attack-fir-filed-after-20-days-amid-community-backlash/">WazirX Cyber Attack: FIR Filed after 20 Days Amid Community Backlash</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The infamous hack on the multi-sig wallet belonging to <a href="https://app.coinpedia.org/company/wazirxindia" target="_blank" class="profile-details">wazirx</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/company/wazirxindia" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg" alt="link"></a> <a href="http://www.wazirx.com/" target="_blank" rel="nofollow noopener"> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/1658301823523ewx7atj6re.png" class="company_logo_img" alt="profile company logo" title="profile company logo"></a> wazirx Centralised ExchangeCrypto trading and Information <a href="http://www.wazirx.com/" target="_blank" rel="nofollow noopener"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10161442/globe.svg" alt="globe icon" title="globe icon"></a> an Indian crypto exchange, left its customers’ money missing and on the edge <a href="https://coinpedia.org/news/breaking-indian-crypto-exchange-wazirx-hacked-for-235m-are-your-funds-safu/" target="_blank" rel="noreferrer noopener">where they lost more than $230 million</a>. Finally, On 5th August 2024, WazirX took to Twitter to<a href="https://x.com/WazirXIndia/status/1820720066503287015" target="_blank" rel="noreferrer noopener nofollow"> inform</a> that they had lodged a First Information Report (FIR) under the BNS &amp; IT Act through the IFSO of the Delhi Police’s Special Cell of Lodhi Colony, New Delhi. 
<h2 class="wp-block-heading" id="h-founder-nischal-shetty-speaks-out">Founder Nischal Shetty Speaks Out</h2> 
Nischal Shetty the founder of WazirX also came <a href="https://x.com/NischalShetty/status/1820725614543810669" target="_blank" rel="noreferrer noopener nofollow">forward</a> to the public to explain the timeline of the legal issues. He insisted that a police complaint was made the following day of the cyber attack but applying for an FIR is not that easy.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 FIR has been filed. Now before conspiracy theorists come forward, let me clarify that we had filed a police complaint next day of the cyberattack and had already made the announcement to everyone that police complaint has been filed. It generally takes time for FIR after filing… <a href="https://t.co/UUFeEqFbgo">https://t.co/UUFeEqFbgo</a>— Nischal (Shardeum) 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53c.png" alt="🔼" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@NischalShetty) <a href="https://twitter.com/NischalShetty/status/1820725614543810669?ref_src=twsrc%5Etfw">August 6, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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Shetty further informed the customers that the firm is also on the front line conducting investigations to apprehend the criminals and refund the lost cash. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Similar to any other customer, we would also like to call for the arrest of the culprits of this theft, not to mention the return of the stolen funds. We’re constantly working on progressing towards the next steps and solutions. All we ask for is time so that we can work on the way forward.” 
</blockquote> 
<h2 class="wp-block-heading" id="h-community-reactions">Community Reactions</h2> 
The announcement has received mixed reactions from the cryptocurrency community. Many users are frustrated with the delay in response and the lack of clear information about the recovery process and future security measures. This has led to decreased user satisfaction, with calls for quicker action and more transparency. 
<h2 class="wp-block-heading" id="h-looking-forward">Looking Forward</h2> 
WazirX is actively working with law enforcement to track down the criminals and recover the lost funds. The exchange has promised to keep the community informed about the investigation’s progress and is focused on rebuilding trust in the platform. 
As WazirX continues its efforts to reclaim the stolen money, investors and the broader cryptocurrency market are watching closely. Everyone involved is hoping for a swift and positive resolution. 
Read Also: <a href="https://coinpedia.org/news/crypto-news-today-nomad-bridge-hack-leads-to-major-ethereum-price-crash/" target="_blank" rel="noreferrer noopener">Crypto News Today: Nomad Bridge Hack Leads to Major Ethereum Price Crash!</a> 
Will WazirX be able to recover the stolen funds? Let us know your predictions.

WazirX Cyber Attack: FIR Filed after 20 Days Amid Community Backlash

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