On August 5, 2024, WazirX, one of India’s largest cryptocurrency exchanges, reported a significant cyber attack on its multi-signature wallet. The complaint was filed with the Delhi Police 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 has been tasked with investigating the breach.
The attack on WazirX involved unauthorized access to its multi-signature wallet, raising serious concerns about the security of digital assets managed by the platform. This breach has prompted a swift response from both WazirX’s internal security team and law enforcement agencies.
Delhi Police Initiates Investigation into Cyber Attack
WazirX has publicly expressed confidence in the ongoing investigation and reaffirmed its commitment to working closely with the Delhi Police. The company is actively engaged in efforts to recover the stolen funds and is cooperating fully with law enforcement to apprehend those responsible for the attack. This proactive approach underscores WazirX’s dedication to safeguarding user assets and maintaining transparency during the investigation.
The cyber attack on WazirX highlights ongoing security challenges within the cryptocurrency industry. The incident has sparked renewed discussions about the need for robust protection measures in the digital asset space. By promptly reporting the breach and collaborating with authorities, WazirX demonstrates its serious stance on combating cyber threats and prioritizing user security.
As the investigation unfolds, the cryptocurrency community will be closely watching the developments, hoping for swift resolution and strengthened security protocols to prevent future incidents.
August 2024, Cryptoniteuae