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Image credit: Facebook/WazirX

WazirX files FIR in cyberattack incident that wiped out 45% of its crypto assets

| @indiablooms | Aug 07, 2024, at 02:54 am

Mumbai: Crypto exchange WazirX said Tuesday that following its previous police complaint regarding the $230-million cyberattack last month, a first information report (FIR) was filed at PS Special Cell, PS Lodhi Colony in New Delhi.

Founder and CEO Nischal Shetty stated that the exchange filed a complaint on July 19, a day after the hack, having lost nearly 45 percent of its cryptocurrency assets in the theft, Moneycontrol reported.

“Based on a complaint filed by us in connection with the Cyber attack on our multisig wallet, the police has taken cognizance of the matter and a FIR under BNS & IT Act has been registered on 5th August 2024 at PS Special Cell, PS Lodhi Colony, New Delhi through Intelligence Fusion & Strategic Operations, IFSO of Delhi Police,” the exchange said in a post on X.

The Mumbai-headquartered exchange added, “We have full faith in the investigating agency and shall cooperate with them to the fullest extent. We are actively working on recovering the stolen funds and are hopeful that those responsible will be brought to justice.”

Today, crypto exchange WazirX announced that following its previous police complaint regarding the $230-million cyberattack last month, a first information report (FIR) was filed at PS Special Cell, PS Lodhi Colony in New Delhi.

WazirX is currently working on a solution to compensate customers and resume its operations, as the exchange has temporarily halted withdrawals and trading on its platform.

Nearly 33 percent of India's crypto users have accounts and hold balances on WazirX.

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