WarzirX Collaborates with FBI to Hunt Down Hackers Behind $230 Million Theft

IconCryptoNewsTerminal Staff31 Jul, 2024

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WarzirX Collaborates with FBI to Hunt Down Hackers Behind $230 Million Theft

WarzirX Collaborates with FBI to Track Down Hackers In the wake of a massive hack that drained $230 million worth of cryptocurrencies from WarzirX, the Indian crypto exchange is reportedly seeking assistance from the US Federal Bureau of Investigation (FBI) to apprehend the perpetrators. According to an anonymous source cited by CoinDesk, the FBI is actively involved in pursuing such cases to prevent illicit funds from reaching North Korea. WarzirX Reimbursement Plan Under Scrutiny Meanwhile, WarzirX has announced a reimbursement plan that has drawn criticism. The plan proposes allowing users to either: Use the remaining 55% of their funds to trade on the exchange and have first access to any recovered funds. Withdraw the 55% but have lower priority access to recovered funds. Some critics argue that this plan shifts the burden of the hack onto customers and the industry. WarzirX has clarified that this was merely a "straw poll" to gather feedback and explore options.

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