The Crypto Times > Market News > WazirX moved $75 Million worth user funds after hack: Coinswitch CEO Market News WazirX moved $75 Million worth user funds after hack: Coinswitch CEO Coinswitch has sued WazirX in Singapore Court to retrieve their funds stuck in the exchange.
Written By: Dishita Malvania
Reviewed By: Vaibhav Jha
Last updated: October 21, 2024 1:10 PM Published October 21, 2024 12:46 PM WazirX moved $75 Million worth user funds after hack: Coinswi
#wazirxExchangeHacked #WazirXIndiafraud Nischal Shetty, co-founder and the face of WazirX exchange, is facing criticism from social media users after his another venture Shardeum announced a bug bounty scheme of Rs 2 crore
WazirX co-founder’s Side Venture Floats Rs 2 cr bounty amid fund scarcity At a time when lakhs of WazirX exchange users are anxiously awaiting their funds back, another venture ‘Shardeum’, which is floated by WazirX co-founder Nischal Shetty, announced a Rs 2 crore “bug bounty” program.
A bug bounty program is offered by companies to coders and developers where they get paid to find exploits and other security loopholes in software programs, as a step towards increased security measures.
Shardeum, a startup founded by Nischal Shetty, has come under criticism from WazirX users, who questioned the timing of this bug bounty program, when WazirX users are suffering from acute funds crisis
Three months after the Rs 2000 crore hack of WazirX crypto exchange, the Delhi High Court on Friday issued notices to India’s premier financial investigative agencies Enforcement Directorate (ED) and Financial Intelligence Unit (FIU) to seek whether an investigation can be launched against the management regarding the hack. The Delhi High Court took up a writ petition filed by client Jaivir Bains who had demanded that the competent court should order FIU and ED to investigate how the Rs 2000 cro
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