According to Foresight News, WazirX team member Nischal said that the team is actively working on the next steps, including: 1. Preparing a bounty program to help freeze/recover stolen assets; 2. Contacting industry experts for further discussions on continued tracking of fund flows; 3. All other exchanges have been notified. Some have responded, some have not, and are continuing to follow up; 4. Analyzing data to understand the extent of the damage; 5. Committed to further law enforcement and regulatory procedures.

Foresight News previously reported that WazirX lost $235 million in a theft on July 18, accounting for more than 45% of the total reserves listed in the exchange’s June 2024 report.