Government launches investigation into 2,000 crore WazirX hack
New Delhi| The country’s top government agencies are investigating the cyber attack on cryptocurrency exchange WazirX in July.
WazirX had lost Rs 2,000 crore ($234 million dollars) in this cyber attack and now a large number of people who have lost money in it are demanding their refunds. According to reports, officials of the Financial Intelligence Unit (FIU) and the Indian Computer Emergency Response Team (CERT-In) met top leaders of WazirX and inquired about the hacking of crypto tokens.
According to sources, the crypto exchange has provided the information sought by government agencies and now the documents are being scrutinized. Earlier, many legal experts in the country had talked about investigating this cyber crime that took place in WazirX. It has been acknowledged by WazirX that 43 percent of its users may suffer from this and most of them are Indians.
Some reports last week said that in a YouTube Live Town Hall session, management claimed that 100 percent of the profits from crypto would be shared with users in the future. However, this video was removed. At the town hall session, WazirX co-founder Nischal Shetty and George Gwi, director of the crawl law firm that handled WazirX’s restructuring after the hack, answered questions from affected users. According to the Crypto Times, Gwi said in the video that profits made due to crypto price hikes during the process of restructuring will be shared 100 percent. However, WazirX later made the video private.
