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Market News

Police Complaint Filed for WazirX $230M Cyber Theft

Written By Dishita Malvania
Fact Checked by Dhara Chavda
Published 2024-08-06·Updated 4 months ago
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Police Complaint Filed for WazirX $230M Cyber Theft

After 20 days of uncertainty following the cyber attack of over $230 million (₹2000 Cr) on WazirX’s multisig wallet, a police complaint has been officially registered.

The FIR, filed on August 5, 2024, at the PS Special Cell, PS Lodhi Colony, New Delhi, has been processed through Intelligence Fusion & Strategic Operations (IFSO) of Delhi Police under the BNS & IT Act. This significant step comes as several thousand crore in investor funds remain in limbo.

X Post of WazirX_
Source: WazirX(Twitter)

The affected organization has expressed full confidence in the investigative authorities and has pledged complete cooperation throughout the process. They are actively engaged in efforts to recover the stolen funds and are hopeful that those responsible will be swiftly brought to justice. 

The situation underscores the critical need for robust cybersecurity measures and vigilance in protecting substantial investments. The organization remains committed to transparency and resolution as they navigate this challenging period.

Also Read: WazirX Revises Crisis Strategy Following User Backlash

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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