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Market News

Indian Govt Officials Grill WazirX over Rs 2000 crore hack

As of now, very few tangible leads have emerged to substantiate this claim.

Written By:
Dishita Malvania

Reviewed By:
Jahnu Jagtap

Last updated: October 8, 2024 10:59 AM
Published 2024-10-07
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Indian Govt Officials Grill WazirX over Rs 2000 crore hack

Indian authorities have finally begun to question the Wazirx team for the Rs 2000 crore hack. Users have been waiting for a long time for the government to take action, as Wazirx has left them stranded with all legal proceedings going on in Singapore.

The Financial Intelligence Unit (FIU), Intelligence Bureau (IB), and Indian Computer Emergency Response Team CERT-In are all involved in the probe, as the Mumbai office of the cryptocurrency exchange WazirX has in the last two weeks been receiving.

WazirX founders and eight to ten employees have met with government officials to discuss the incident and provide information related to the hack. Reports suggest that the exchange itself investigated the possibility of an inside job, but no evidence has been found to support such a theory.

The WazirX hasn’t replied to the CryptoTimes with any comment, when inquired about the ongoing investigation, nor has it made a public statement regarding this.

The question still remains as to whether WazirX users will receive all their funds back, as the Singapore court has approved WazirX moratorium. And WazirX is currently moving forward with plans where users might take a big hit.

Also Read: WazirX removes video after claiming to give 100% crypto profits to users

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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Dishita Malvania - Senior crypto journalist at The Crypto Times
By Dishita Malvania
Follow:
Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
Follow:
Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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