WazirX Security Incident Update: Balances for transactions that occurred from July 18 to 21 will be restored soon

ChainCatcher message, WazirX has released a security incident update on X:

• The recovery of balances for transactions that occurred between July 18 and 21 is nearing completion. This will reverse all transactions made on the WazirX platform after withdrawals were halted on July 18, 2024, at 1 PM (IST);
• Working with legal experts to help the team develop an effective approach to facilitate withdrawals;
• Received 344 applications in the bounty program, including from security professionals and ethical hackers who are actively tracing the stolen funds;
• In contact with multiple partners to explore all possible solutions to mitigate the financial impact of the cyber attack. Currently, WazirX is in discussions with 7 partners and making steady progress.