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WazirX, India's largest cryptocurrency exchange, has announced a Rewards Program in response to the recent cyber attack on one of its multisig wallets. The company invited the community to participate in two rewards programs:
- Track and Freeze: WazirX offers rewards worth up to 10,000 USDT for actionable intelligence that leads to freezing of stolen funds.
- White Hat Recovery: The company offers a bonus of 5% of the amount recovered as a white hat reward.
WazirX, one of India's largest cryptocurrency firms, has suffered one of the largest cyberattacks on an Indian exchange, with hackers allegedly stealing more than $230 million in user assets, almost half of the platform's reserves.
The company described the security breach as a “force majeure event” that occurred “beyond its control.” “We have already blocked several deposits and reached the relevant wallets for recovery. We are in contact with the best resources to assist us in this effort,” he said.
In response to the attack, the company temporarily halted rupee and cryptocurrency withdrawals on the platform.
In its preliminary findings, WazirX said the cyberattack was caused by a discrepancy between the data displayed on Liminal's interface and the actual content of the transaction. Liminal is a separate digital asset custody and wallet infrastructure provider.
*This is not investment advice.