- WazirX files police complaint against cyber attackers
- Incident reported to Financial Intelligence Unit and CERT-In
- Over 500 exchanges contacted to block compromised addresses
- Efforts underway to trace stolen funds and recover customer assets
In response to a recent cyber attack, WazirX, a leading indian crypto exchange, has taken legal action by filing a police complaint and initiating additional legal proceedings.
Swift Legal Action and Collaboration
Following the breach, WazirX promptly reported the incident to the Financial Intelligence Unit (FIU) and the Indian Computer Emergency Response Team (CERT-In). This proactive step ensures that top regulatory and cybersecurity bodies are involved, enhancing the chances of tracking down the perpetrators.
WazirX has also reached out to over 500 cryptocurrency exchanges worldwide to block the addresses identified in the attack. The cooperation from these exchanges has been commendable, with many providing essential resources to aid in the recovery efforts. This extensive collaboration highlights the industry’s united front against cyber threats.
Comprehensive Plan of Action
WazirX’s plan of action revolves around three main objectives:
- Tracing the Stolen Funds: Utilizing advanced blockchain analysis tools, WazirX is working diligently to trace the movement of the stolen assets. This effort involves collaboration with blockchain forensics experts and law enforcement agencies to ensure a thorough investigation.
- Recovering Customer Assets: Ensuring the safety and recovery of customer funds is WazirX’s top priority. They are exploring all possible avenues to restore the assets, including legal measures and negotiations with other exchanges.
- Conducting a Deeper Analysis: A detailed analysis of the cyber attack is underway to identify vulnerabilities and prevent future incidents. This involves scrutinizing the attack vectors, understanding the methods used by the hackers, and fortifying their security infrastructure.
This incident serves as a stark reminder of the ever-present risks in the crypto space.
