WazirX Seeks Solid Ground After $230M Crypto Heist: A Blockchain Recovery Blueprint
In the wake of a substantial security breach on July 18, 2024, the Indian cryptocurrency exchange WazirX finds itself navigating through a storm of challenges and uncertainties The hack, resulting in a staggering loss of $230 million—equivalent to 45% of customer funds—has triggered a flurry of efforts aimed at recovery and maintaining the delicate balance of user trust This incident has placed the spotlight on the vulnerabilities within the digital asset domain and underscored the intensifying need for robust security measures **The Aftermath of the WazirX Hack** The hack has undoubtedly dealt a severe blow to the exchange, propelling it into a whirlwind of strategic planning and critical decision-making The exchange's initial response includes exploring every conceivable avenue for fund recovery...
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