WazirX Update: Restitution of Trades and New Security Measures Underway

The post WazirX Update: Restitution of Trades and New Security Measures Underway appeared first on Coinpedia Fintech News

In the recent tweet, WazirX is signifying that it is progressing nicely in handling recent issues around the $230 million hack. The platform still has not compensated most of the losses incurred during July 18 – 21, however, it is processing the reversal of transactions that occurred after the suspension of the withdrawal on July 18 at 1 PM IST. Lawyers are consulting on how the withdrawals could be continued. Security professionals, ethical hackers, and the participants of the Bounty Program are involved in tracking the stolen funds, and at the present moment, 344 individuals have joined the Bounty Program. Further, WazirX is working with seven partners to discover results and reduce the effects of the cyberattack on WazirX’s financial status.