Join the WazirX Bounty Program to Combat Cybercrime
WazirX, a prominent Indian cryptocurrency exchange, has recently announced the launch of a bounty program aimed at recovering stolen assets following a cyberattack on its platform. Hackers managed to steal millions of dollars worth of various cryptocurrencies, including Ethereum (ETH) and Shiba Inu (SHIB), prompting WazirX to take action and enlist the help of the global crypto community to track down the stolen funds.
WazirX Takes Action Against Cybercriminals
On July 18, WazirX fell victim to a cyberattack that resulted in the theft of over $234.9 million worth of cryptocurrencies from the exchange. Among the stolen assets were ETH, PEPE, USDT, and SHIB tokens. In response to this security breach, the team at WazirX launched a bounty program to incentivize individuals who can assist in recovering the stolen funds.
- Malicious actors stole $234.9 million from WazirX in a recent cyberattack.
- Over $100 million worth of SHIB tokens were also taken from the exchange’s Multisig wallet.
- Initially, WazirX announced an $11.5 million reward for recovering the stolen funds.
- The bounty was later increased to 10% of the stolen assets, totaling $23 million.
Join the Fight Against Cyber Threats
WazirX has extended an invitation to white hat hackers, cybersecurity professionals, and blockchain forensics experts from around the world to participate in the bounty program. The exchange aims to recover the stolen assets and uphold the integrity of the crypto ecosystem by working together with skilled individuals to track down and reclaim the funds.
- WazirX has launched a bounty program to recover stolen assets from the recent cyberattack.
- Participants stand to receive rewards for providing actionable intelligence and assisting in asset recovery.
- The bounty program is open to individuals with expertise in cybersecurity and blockchain forensics.
How to Participate in the WazirX Bounty Program
In order to be eligible for the bounty program, participants must adhere to the following requirements set forth by WazirX:
- The bounty program will run for three months, starting from the announcement date.
- Eligibility is open to all, except current and former employees of WazirX and their immediate family members.
- Participants must submit detailed information on their tracking methods and maintain confidentiality.
Rewards and Incentives for Bounty Participants
WazirX has outlined the rewards structure for the bounty program, which includes the following incentives for successful participants:
- The first bounty offers up to $10,000 in USDT for providing actionable intelligence to track the exploited funds.
- The second bounty involves recovering the stolen assets, with successful participants receiving 10% of the total amount as a white hat incentive.
- Rewards will be paid out in USDT or the form of the recovered funds at the discretion of WazirX.
Stay Vigilant Against Cyber Attacks
As the crypto industry faces increasing threats from cybercriminals, it is crucial for exchanges and community members to work together to combat these security breaches. By participating in bounty programs like the one launched by WazirX, individuals can contribute to the protection of digital assets and the overall integrity of the crypto ecosystem.
Hot Take: Safeguarding Crypto Assets Through Collaborative Efforts
Collaboration is key in the fight against cyber threats targeting the crypto industry. By joining bounty programs and leveraging expertise in cybersecurity and blockchain forensics, individuals can play a proactive role in protecting assets and ensuring a secure environment for all participants in the digital asset space.
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