WazirX Takes Legal Action After Major Hack, Files FIR

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 Moves Forward with FIR

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.