ChainCatcher news, WazirX released a security incident update on X:
- Restoration of balances for transactions between July 18 and 21 will be completed soon. This will reverse all transactions made on the WazirX platform after withdrawals were stopped at 1 pm (IST) on July 18, 2024;
-We are working with legal experts to help the team develop an efficient method to enable withdrawals;
- 344 applications were received in the bounty program, including security professionals and ethical hackers who are actively following the trail of stolen funds;
-We are in contact with multiple partners to explore all possible solutions to mitigate the financial impact of the cyberattack. Currently, WazirX is in discussions with 7 partners and making steady progress.