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WazirX Cyber Attack Sparks Major Police Investigation!

Key Points:

WazirX’s multi-signature wallet suffered a cyber attack, prompting a police case filed on August 5, 2024.
The Intelligence Fusion and Strategic Operations Department (IFSO) at the Special Group Police Station in New Delhi handles the case.
WazirX is working to recover stolen funds and has pledged full cooperation with the ongoing investigation.

On August 5, 2024, WazirX, one of India’s largest cryptocurrency exchanges, filed a police complaint regarding a substantial WazirX cyber attack on its multi-signature wallet.

The police case was formally registered under the BNS and IT Acts at the Special Group Police Station in Lodhi Colony, New Delhi. The Intelligence Fusion and Strategic Operations Department of Delhi Police handles this case.

WazirX cyber attack occurred through the infiltration of the WazirX multi-signature wallet, thus raising much concern regarding the safety of digital assets on its platform. The incident triggered an immediate response from the police and WazirX’s internal security team.

Delhi Police Launch Investigation into WazirX Cyber Attack

WazirX has publicly expressed its confidence in the investigation process and confirmed its determination to leave no stone unturned to cooperate with law enforcement departments to the fullest. The company is grinding its gears in its efforts to recover the lost funds and welcomes the arrest of the perpetrators behind the attacks. The timely proactive measures taken by the exchange assure a commitment to the security of users’ assets and transparency throughout the investigation.

WazirX cyber attack has once more raised security issues within the cryptocurrency space and emphasized the call for strong protection measures. The move to report the incident in time and to fully cooperate with the Delhi Police is demonstrative of the very serious view taken toward cyber threats and user protection at WazirX.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.