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Dear WazirX tribe,
We are reaching out to update you on the latest cyber attack theft that has seriously affected WazirX.
Incident overviewOn July 18, 2024, WazirX suffered a cyberattack on one of our multi-sig wallets, resulting in the theft of over $230 million in digital assets. This wallet was managed using Liminal’s digital asset custody and wallet infrastructure. As a result of the attack, our ability to maintain 1:1 collateral with assets was severely impacted.
In response to this unfortunate incident, we have taken immediate and comprehensive action.
- Immediate responseFiled an online police complaint on the National Cyber ​​Crime Reporting Portal and is processing a physical complaint. We also informed the RA CA about the incident Financial Intelligence Unit (FIU:) India and: CERT-In:.
- Notice of exchangeActively applied to 500+ exchanges block identified addresses; Many exchanges partner with us and we are actively working with them to assist in our recovery efforts.
- Audit proceduresEngage with cybersecurity experts to support our investigation and recovery efforts. Read our initial findings here.
- Bounty programLaunched a bounty program to recover stolen assets. USDT rewards of up to $10,000 will be offered for actionable intelligence leading to the freezing and recovery of stolen funds. We offer 10% i.e. up to $23 million as White Hat Bounty. Read more.
- Suspension of deposits/withdrawals. To ensure the safety of your assets, we have temporarily suspended INR and crypto deposits/withdrawals.
- Termination of TradeWhile we previously advised against selling due to partial asset foreclosure, we have now decided to cease all trading activities. This pause will allow us to examine affected systems, forensic data, and perform a thorough security audit.
Next steps.
- Current analysisWe analyze all forensic data and collaborate with experts to understand and determine holistic impact and recovery strategies.
- Working on withdrawalsWe are actively working to enable withdrawal of funds. Processes such as forensic analysis and security audits take time, and we appreciate your patience as we work through this complex situation. The safety and security of our users always remains our top priority.
- More updatesWe will continue to keep you posted with regular updates as we make progress. Our goal is to provide transparency and address any concerns you may have. You can read the daily progress here.
This is a force majeure event beyond our control. However, we are unrelenting in our efforts to identify and recover stolen funds. We have already tracked and blocked some of the funds from the wallet services, but we can’t reveal any more details about it yet. We partner with the best resources and experts to help us in this endeavor.
Important information.
- Address of the affected Ethereum wallet0x27fD43BABfbe83a81d14665b1a6fB8030A60C9b4
- Contact usFor any queries or additional information, please contact our support team at https://support.wazirx.com/.
- Be on the lookout for fraudulent bots impersonating our official WazirX accounts and possible phishing attempts. WazirX will never ask for your private keys or passwords. All official communications will be from our verified channels only. Our official website URLs are here and here. our official X (Twitter) accounts are here and here.
- If an impersonator sends you a DM or contacts you via a different URL, please report it. A continuously updated list of fake sites and handles is available here. Please be careful and alert.
We understand the worry and concern this situation may cause, and we deeply appreciate your patience and understanding. We are committed to resolving this issue and will keep you updated on important developments.
Thank you for your continued trust and support.
the best
Team WazirX
Disclaimer: Cryptocurrency is not legal tender and is currently unregulated. Please ensure that you carry out a sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information presented in this section does not represent any investment advice or the official position of WazirX. WazirX reserves the right, at its sole discretion, to modify or amend this blog post at any time and for any reason without prior notice.
