Blockchain Industry Body Strengthens Security in India Post WazirX Hack

IconCryptoNewsTerminal Staff31 Jul, 2024

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Blockchain Industry Body Strengthens Security in India Post WazirX Hack

The Blockchain Association of India (BAI) has taken steps to improve cybersecurity following the recent $230 million hack of the Indian cryptocurrency exchange WazirX, as reported by Cointelegraph. The BAI is forming two task forces as part of its efforts. One will concentrate on safeguarding investors and developing strategies to prevent security breaches. The other will work on safeguarding investor funds. The hack of WazirX has served as a reminder of the need to strengthen security measures in the Indian blockchain industry. The BAI's efforts will help make sure that investors are protected and that their assets are secure.

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