The Hack and Stolen Assets: On July 18, WazirX fell victim to a cyberattack in which malicious actors stole a substantial amount of cryptocurrency. The stolen assets included Ethereum $ETH , $PEPE , USDT, and over $100 million worth of Shiba Inu $SHIB tokens from the exchange’s safe Multisig wallet.
The Bounty Program: WazirX responded swiftly by launching an official bounty program. The goal? To recover the stolen funds and protect the integrity of the crypto ecosystem. Here are the key points:
Two Bounties:
First Bounty: Participants who can identify, track, and provide actionable intelligence to help WazirX or themselves freeze the exploited funds will be eligible for a reward of up to $10,000 worth of USDT.Second Bounty: Those who successfully facilitate the recovery of the stolen assets will receive a white hat incentive of 10% of the total amount. The reward can be paid in USDT or the form of the recovered funds, as decided by WazirX.
Inviting Experts Worldwide: WazirX has invited ethical hackers, cybersecurity professionals, and blockchain forensics experts from around the globe to participate in the program.
Time Frame: The bounty program will run for three months, starting from the day of the announcement. However, this time frame is subject to change based on the situation.
