Wazirx: Withdrawals and Trading Paused for All Users, Over 80 Bounty Intents Received Within 24 Hours
Indian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multiset wallet, resulting in the theft of over $230 million.
Indian cryptocurrency exchange Wazirx is working to resume withdrawals after a major security breach compromised a multisig wallet, resulting in the theft of over $230 million. The exchange has paused deposits, withdrawals, and trading, and launched a $23 million bounty program to recover the stolen assets. Within 24 hours, Wazirx received over 80 intents for the bounty program. Additionally, Wazirx has warned users about scammers impersonating the exchange to defraud them.
Wazirx Pauses Operations Following Major Security Breach
Indian cryptocurrency exchange Wazirx has announced that it is diligently working to resume withdrawals for its users following a significant security breach that compromised one of its multisig wallets, resulting in the theft of over $230 million.
“We are actively working on enabling withdrawals for our users. We appreciate your patience during this complex process,” the exchange communicated via social media platform X on Monday. In response to the breach, Wazirx launched a $23 million bounty program to track, freeze, and recover the stolen assets. The exchange revealed:
