Digital asset exchange WazirX has announced the filing of a First Information Report (FIR) following a hack that resulted in over $230 million in losses. The platform stressed its commitment to its users and continues to update them on the ongoing efforts to bring the hackers to justice. The aftermath of the incident has elicited mixed reactions from the community.
FIR Filed in Response to Hack
WazirX has officially filed an FIR in response to the notorious hack. The exchange explained on X (formerly Twitter) that the police have taken up the matter, registering the FIR under the BNS and IT Act on August 5, 2024.
“Based on a complaint filed by us in connection with the Cyberattack on our multisig wallet, the police have taken cognizance of the matter, and an FIR under BNS & IT Act has been registered on 5th August 2024 at PS Special Cell, PS Lodhi Colony, New Delhi through Intelligence Fusion & Strategic Operations, IFSO of Delhi Police,” stated WazirX.
Commitment to Recovery and Justice
The Indian-based exchange expressed confidence in the investigation and reiterated its cooperation with relevant agencies. WazirX assured users that it is diligently working to recover the stolen assets and bring the hackers to justice. The exchange faced significant community outrage after the hack, which drained over $230 million from its multisig wallet.
WazirX continues to provide updates on efforts to recover funds and enhance security measures. Recently, the exchange abandoned its loss distribution plan among users following severe backlash from the community.
Explanation for FIR Delay
Following the FIR announcement, users criticized the delay, noting that it came weeks after the incident. WazirX clarified that the initial police complaint was filed the day after the hack, and users were informed at that time. Nischall Shetty, co-founder of WazirX, explained that FIRs generally take more time after the initial complaint, reaffirming the platform's commitment to seeking solutions.
“Just like all our customers, we too want the culprits of this theft to be caught and the funds recovered. We’re constantly working on progressing toward next steps and solutions. We’ll continue to do that,” Shetty stated.
Conclusion
WazirX's filing of the FIR marks a significant step in addressing the hack and its aftermath. The exchange remains focused on recovering the stolen assets and enhancing security to prevent future incidents. While community reactions remain mixed, WazirX's ongoing efforts to bring the hackers to justice and improve platform security demonstrate its commitment to user protection and transparency.
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