WazirX, the recently hacked crypto exchange, addressed the community about the next steps following the cyber attack of over $230 million (₹2000 Cr).
On August 22, the exchange acknowledged that users have been eagerly awaiting updates on the status of INR and crypto transactions. The WazirX team is currently finalizing these details and plans to share the next steps with users by tomorrow.
Nischal Shetty, a founder of WazirX, further elaborated on the situation, indicating that the first priority is to clarify the handling of INR and crypto on the platform. He mentioned that there are ideas in the pipeline aimed at creating new value to mitigate the impact of the theft. Shetty emphasized the importance of community support in overcoming this challenge and is optimistic that, with collective effort, the platform can emerge stronger.
As users are losing patience, exchange needs to come up with a good plan and hopefully we will se a new beggning tommorow.
In addition to these efforts, WazirX claims to be actively working on tracing the stolen funds through a bounty program and collaborating with law enforcement agencies. While Shetty acknowledged the time it takes to recover from such an attack, he assured the community of their commitment to transparency and resilience in the face of adversity.
Over a month ago, a serious security breach at the WazirX cryptocurrency exchange occurred, resulting in the loss of nearly Rs 2000 crore from 45% of investor funds. During this ongoing crisis, the official token of WazirX, the WRX coin, has grown and persevered with amazing strength.
Also Read: Trigger Warning: WazirX Investors threaten suicide if funds not released
