Stay Alert: Phishing Scams Targeting WazirX Users
Recently, Indian crypto exchange WazirX faced a security breach leading to the theft of $235 million in assets from one of its wallets. Taking advantage of the situation, malicious actors are now targeting users with phishing scams. An email claiming to be from WazirX promises compensation through a new token, WZA, for those affected by the hack. However, crypto enthusiasts have flagged this as a likely scam, urging vigilance and caution when receiving such emails.
Initiatives by WazirX to Recover Stolen Funds
Following the hack, WazirX’s CEO, Nischal Shetty, announced steps being taken to recover the stolen assets. These include:
- Implementing a bounty program to freeze/recover the stolen assets
- Working with experts to trace the movement of funds continuously
- Reaching out to other exchanges for support
Additionally, the exchange is adhering to law enforcement and regulatory procedures while preparing to launch a bounty program to facilitate the recovery process.
Hot Take: Concerns Over Phishing Scam After WazirX Hack
In the last day, X users have raised concern over a scam email following the recent million-dollar hack of the cryptocurrency exchange WazirX. This development comes as the management of WazirX rolls out several measures to recover the stolen funds.
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