WazirX Co-Founder Launches Bounty Program for Stolen Funds Recovery

IconCryptoNewsTerminal Staff20 Jul, 2024

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WazirX Co-Founder Launches Bounty Program for Stolen Funds Recovery

Nischal Shetty, the co-founder of WazirX, an Indian cryptocurrency exchange, has announced the launch of a bounty program to recover stolen funds from the recent hack. According to Cointelegraph, the "exchange hack" resulted in the theft of approximately $230 million. Shetty stated that the bounty program will incentivize individuals or organizations that aid in the freezing and retrieval of the stolen assets. He emphasized that the frozen stolen assets will be used as part of the efforts to recover the funds. It's important to note this program follows a hack that resulted in a significant loss of funds for WazirX. The exchange has taken proactive measures to address this incident and restore confidence among its users. The bounty program is one of these efforts and demonstrates WazirX's commitment to recovering and securing its customers' assets.

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