WazirX Discloses Important Update Amid Rising Customer Pressure

Crypto exchange WazirX has revealed the filing of the First Information Report (FIR) in relation to the infamous hack that led to millions in losses. The platform continues to update users on ongoing efforts to bring the hackers to justice. Meanwhile, mixed reactions from the community continue to trail the aftermath of the incident.

WazirX Files FIR 

WazirX has announced the filing of the FIR following a previous complaint filed on the infamous incident. The exchange explained on X (formerly Twitter) that the police are on the matter as an FIR under the BNS and IT Act was registered on Aug 5. 

“Based on a complaint filed by us in connection with the Cyberattack on our multisig wallet, the police have taken cognizance of the matter, and an FIR under BNS & IT Act has been registered on 5th August 2024 at PS Special Cell, PS Lodhi Colony, New Delhi through Intelligence Fusion & Strategic Operations, IFSO of Delhi Police.”

The Indian-based exchange expressed belief in the investigation carried out restating corporate with relevant agencies. WazirX informed users that it is working to recover all stolen assets and bring the hackers to justice. The exchange was hacked with over $230 million drained sparking outrage within the community. 

The platform continues to update on efforts to recover funds and tighten security. Recently, the exchange decided to scrap its loss distribution plan among users after a severe backlash from the community.

Also Read: Sam Altman’s OpenAI Bids Farewell To Leading Executives 

Platform Explains FIR Delay 

Following the announcement of the FIR filing, users flagged the delay weeks after the incident stating that it should have come earlier. However, the platform explained that the initial police complaint was filed the next day after the hack with users also informed. Nischall Shetty added that the FIR generally takes more time after the initial complaint expressing commitment to seek solutions.

“Just like all our customers, we too want the culprits of this theft to be caught and the funds recovered. We’re constantly working on progressing toward next steps and solutions. We’ll continue to do that.”

Also Read: Bybit Halts Buying and Selling in France; What’s Next

✓ Share:

David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.