India-based crypto exchange WazirX is ramping up efforts to recover the $230 million that hackers stole from the platform. In a bold move, WazirX has announced that they are increasing the reward offer to 10% of the stolen funds, amounting to $23 million.
The exchange is calling on white hat hackers, blockchain forensics experts, and cybersecurity professionals from around the world to join forces in this critical mission to safeguard the integrity of the crypto ecosystem. The reward program is expected to run for three months, with the possibility of an extension.
The stolen funds include a variety of digital assets such as Ethereum, Shiba Inu, Polygon, Pepe, Gala, and Tether, totaling $230 million. Blockchain tracking firm Lookonchain has reported that the hackers have been swiftly offloading the stolen assets.
WazirX has made it clear that the reward will only be disbursed upon the successful recovery of the stolen amount. The reward will be paid out in USDT or in the form of recovered funds, at the discretion of WazirX.
The platform was breached last week, leading to the massive theft of funds. WazirX is determined to track down the perpetrators and retrieve the stolen assets to protect its users and the wider crypto community.
Investors and enthusiasts are urged to stay informed and vigilant in the face of such security threats in the crypto space. The Daily Hodl will continue to provide updates on this developing story.
