WazirX Hack Update: Recovery Initiatives and Security Upgrades After $230M Theft

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WazirX, one of India’s largest crypto exchange platforms, has been making very interesting progress, particularly in reaction to the recent $230 million hack with more emphasis placed on how to return the stolen money and secure the platform.

Since the cyber attack on its multi-sig wallet, WazirX has been in touch with the affected projects that are associated with the stolen tokens, to help in the return process.

The team is also actively striving to allow for withdrawals and also as to how the deposits and trading can resume on the platform. To this date, they have received 133 submissions for their recovery initiatives (bounty of $23 million) that are still ongoing.

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