Crypto platform WazirX, after losing $234 million in a cyber breach, announced a $23 million bounty for the recovery of the stolen assets. The company is calling on white hat hackers, blockchain forensics experts, and cybersecurity professionals to help. The bounty program, which offers a reward of 10% of the recovered amount, will be active for three months.
5 Key Points:
- Cyber Breach at WazirX: WazirX, a cryptocurrency platform, lost $234 million in digital assets due to a cyber breach on July 18.
- Bounty Announcement: The company announced a $23 million bounty to incentivize the recovery of the stolen funds.
- Call for Experts: WazirX is inviting white hat hackers, blockchain forensics experts, and cybersecurity professionals globally to assist in the recovery efforts.
- Bounty Details: The bounty program offers a reward equivalent to 10% of the recovered amount, potentially amounting to $23 million, making it one of the largest bounties in the crypto industry.
- Active Period: The bounty program will be active for three months, aiming to leverage community expertise to achieve the recovery of the stolen assets.
