Legal Notice: Nothing on the website constitutes professional and/or financial advice. All the content on the website is for informational purposes only. We have prepared all information herein from sources we believe to be accurate and reliable. However, such information is presented as is,” without warranty of any kind – whether expressed or implied. You acknowledge and agree that there are numerous risks associated with purchasing cryptocurrencies.
WazirX Takes Legal Action After Major Hack, Files FIR
Crypto exchange WazirX has officially filed a First Information Report (FIR) in connection with the significant hack that resulted in millions of dollars in losses. The platform has been keeping its users informed about the ongoing efforts to apprehend those responsible, while the incident has sparked a mix of reactions within the community.
WazirX announced the filing of the FIR, following a prior complaint regarding the high-profile breach. The exchange shared via X (formerly Twitter) that the police have initiated an investigation, registering an FIR under the BNS and IT Act on August 5, 2024.
“Based on our complaint related to the cyberattack on our multisig wallet, the police have taken cognizance of the situation, and an FIR under the BNS & IT Act has been lodged on August 5, 2024, at PS Special Cell, PS Lodhi Colony, New Delhi through Intelligence Fusion & Strategic Operations (IFSO) of Delhi Police,” the exchange stated.
The India-based exchange expressed confidence in the ongoing investigation, reaffirming its cooperation with the relevant authorities. WazirX assured its users that efforts are underway to recover the stolen assets and bring the hackers to justice. The attack, which resulted in the loss of over $230 million, has led to widespread concern and frustration within the community.
In response to the breach, the platform continues to provide updates on its progress in recovering the funds and enhancing its security measures. Recently, WazirX decided to abandon its initial plan to distribute losses among users, following significant backlash from the community.
Delay in Filing FIR Explained
After the FIR was announced, some users questioned the delay, noting that it came weeks after the incident. WazirX clarified that an initial police complaint was filed the day after the hack, and users were promptly informed. Nischall Shetty, one of the exchange’s key figures, explained that the process of filing an FIR typically takes more time after the initial complaint is made, emphasizing the exchange’s commitment to pursuing justice.
“Like all of our customers, we want to see the perpetrators of this theft brought to justice and the funds recovered. We are continually working towards the next steps and solutions, and we will keep moving forward,” Shetty assured.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
Leave a comment