Harsh Reaction to WazirX Attack!
WazirX, one of India's leading cryptocurrency exchanges, was recently subjected to a major attack. In this attack, $230 million worth of crypto assets were stolen. WazirX broke its silence after the attack and announced the actions it took.
What Does WazirX Do?
* Cooperation with Authorities: WazirX reported the attack to legal authorities and other exchanges. “Many platforms are collaborating and we are actively working with them to find additional resources to recover stolen assets,” the company said.
* Rewards Program: WazirX co-founder Nischal Shetty announced the creation of a rewards program to help "freeze or recover" stolen assets.
What Happened After the Attack?
WazirX temporarily stopped transactions on the platform following the attack. The company also announced that it has taken various security measures to secure users' accounts.
So Who Is Responsible for the Attack?
It is estimated that those responsible for the attack are North Korean hackers.
What Does This Attack Mean?
The WazirX attack once again showed how vulnerable cryptocurrency exchanges can be. This situation reminds investors that they should be careful when investing in cryptocurrencies.
What are you thinking?
Do you believe WazirX can recover stolen assets? What should be done to increase the security of cryptocurrency exchanges? Share your thoughts in the comments!
