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WazirX Facing Probe In Rs 2k-Cr Cyber Theft

Millions of users still wait for their money in digital assets

WazirX Facing Probe In Rs 2k-Cr Cyber Theft

WazirX Facing Probe In Rs 2k-Cr Cyber Theft
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8 Oct 2024 6:10 AM IST

New Delhi: Cryptocurrency exchange WazirX, which suffered a massive Rs2,000 crore ($234 mn) cyber theft in July as millions of users still wait for their money in digital assets to be refunded, is now facing scrutiny from top government agencies in the country.

According to reports, Financial Intelligence Unit (FIU) and the Indian Computer Emergency Response Team (CERT-In) officials have met the top leadership of WazirX, asking them about the hacking of crypto tokens, as the government is concerned about the impacts on WazirX investors.

The crypto exchange has provided information as sought and probe agencies are scanning through the details, as per sources. Legal experts in the country had earlier asked for a thorough investigation by state authorities, considering the magnitude of the WazirX cyber-crime.

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