New York, Thursday, July 25,2024 – India’s largest cryptocurrency exchange WazirX on July 18 halted all trading activity following a cyberattack that resulted in the theft of approximately $230 million worth of digital assets.
WazirX announced the suspension of trading on its platform after a security breach compromised private keys, leading to the unauthorized transfer of funds.
The company is offering a bounty program to incentivize the return of the stolen funds.
The stolen assets reportedly included various cryptocurrencies, with the total value exceeding $230 million.
The program offers a reward of up to 10% of the recovered amount, with a maximum of $23 million, to anyone who provides information leading to the return of the assets.
An additional $10,000 bounty is offered for assistance in freezing the stolen funds.
WazirX said that it was conducting internal investigations and security audits to identify the attackers and prevent future breaches.
