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Rs 2,000 crore WazirX hack: Govt probe on as millions of users seek refunds

by Blitz India Media
October 7, 2024
in News
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WazirX
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Blitz Bureau

NEW DELHI Cryptocurrency exchange WazirX, which suffered a massive Rs 2,000 crore (about $234 million) cyber theft in July as millions of users still wait for their money in digital assets to be refunded, is now facing scrutiny from top government agencies in the country.

According to reports, Financial Intelligence Unit (FIU) and the Indian Computer Emergency Response Team (CERT-In) officials have met the top leadership of WazirX, asking them about the hacking of crypto tokens, as the government is concerned about the impacts on WazirX investors.

The crypto exchange has provided information as sought and probe agencies are scanning through the details, as per sources.

Legal experts in the country had earlier asked for a thorough investigation by state authorities, considering the magnitude of the WazirX cyber-crime.

WazirX has already admitted that nearly 43 per cent of its users are likely to lose their money stolen in digital assets, affecting users from India the most.

In the meantime, hackers behind the WazirX theft have started withdrawing stolen digital assets via the Tornado Cash platform, which is an open-source, fully decentralised cryptocurrency mixer platform that runs on Ethereum Virtual Machine-compatible networks.

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