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The Cyber Onslaught: Combatting Cryptocurrency Theft with Revolutionary rewards In an era where digital currency exchanges face constant threats from cybercriminals, a bold move by India's largest cryptocurrency exchange introduces a beacon of hope The recent, shocking security breach resulted in the disappearance of a monumental $230 million in various digital tokens, including the much-discussed shiba Inu (SHIB) This calamity has spurred an innovative approach to reclaiming what was lost, and the strategy might just set a precedent for the industry The Crime Scene Dissected The infringement upon security laid bare the vulnerabilities of modern-day digital finance, with the thieves orchestrating a sophisticated raid on the exchange’s multisig hot wallet The enormity of the heist, involving the transfer of a staggering 5...

Reviving Trust and Security: A crypto Exchange's Battle Against Cyber Theft In the digital age, where technology evolves faster than we can keep up, the battle against cyber crimes intensifies One of the most recent incidents that shook the foundations of digital security occurred on July 18, 2024, when a crypto exchange named WazirX fell victim to a massive cyberattack The aftermath saw a shocking theft of over $230 million in digital assets, leaving the cryptocurrency community in dismay However, in a resilient response to this catastrophic event, WazirX has initiated an innovative bounty program aimed at retrieving the stolen funds and fortifying the crypto environment against future threats Bounty Program Initiatives: A Gleam of Hope Understanding the gravity of the situation, WazirX unveiled a 3-month bounty program, announcing rewards totaling up to $23 million...