WazirX Halts Trading After Cyber Attack; What Next?

<h1 class="d-none">WazirX Pauses Trading for Security Audit After Cyber Attack</h1> <h2 class="d-none">WazirX&#039;s Response to Cyber Attack: Audit and Bounty Program</h2> WazirX Pauses Trading for Security Audit After Cyber Attack

WazirX has temporarily paused trading on the platform to conduct these examinations and audits.

WazirX is undergoing a thorough forensic data examination and security audit procedures following a cyber attack.

The cyber attack has affected WazirX's ability to maintain a 1:1 collateral ratio with assets, prompting the trading halt.

WazirX announced a $23 million bounty program aimed at recovering the stolen funds.

The exchange is working on determining the best way to enable withdrawals, with an action plan needed to address the partial asset theft.

Founder Nischal Shetty acknowledges that the recovery process will be lengthy and asks for users' patience as they work towards a resolution.

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