Bounty

FLOKI

Million

Read

WazirX

<ul>
 <li>The hacker behind the $230 million WazirX exploit moved $57 million in stolen funds to two new cryptocurrency addresses.</li>
 <li>WazirX has doubled its white hat bounty program to $23 million, incentivizing ethical hackers to help recover stolen funds.</li>
 <li>The recent movement of the stolen funds could reveal important details about the hacker’s identity and methods, aiding the investigation.</li>
</ul>
<p>The responsible party behind the $230 million <a href="https://cryptonewsland.com/wazirx-cryptocurrency-exchange-loses-235m-in-lazarus-group-linked-hack/" target="_blank" rel="noopener noreferrer nofollow">WazirX hack</a> has transferred $57 million in stolen funds to two new cryptocurrency addresses.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Based on <a href="https://twitter.com/zachxbt?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@zachxbt</a>'s feedback, we have increased the White Hat Recovery reward to 10%, i.e., up to $23 Million.<br><br>We invite white hat hackers, blockchain forensics experts, and cybersecurity professionals from around the world to join this critical mission and protect the integrity… <a href="https://t.co/WasoyJT5UX" rel="noopener noreferrer nofollow">https://t.co/WasoyJT5UX</a></p>— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) <a href="https://twitter.com/WazirXIndia/status/1815004031561220352?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This move has triggered the exchange to double the size of the bounty program to $23 million. The <a href="https://cryptonewsland.com/wazirx-crypto-heist-230-million-stolen-converted-to-ether/" target="_blank" rel="noopener noreferrer nofollow">hacker transferred</a> 16,350 Ether (ETH), worth approximately $57 million.</p>
<p>The recent on-chain movement is a significant portion of the $230 million stolen from <a href="https://wazirx.com/" target="_blank" rel="noopener noreferrer nofollow">WazirX</a>, India’s largest cryptocurrency exchange by volume. The incident is the second-largest cryptocurrency hack of 2024 to date. The transfer to new addresses may reveal vital details about the hacker’s identity and operations.</p>
<p>WazirX announced two bounty programs that aim to track and retrieve the stolen cash. The initial program rewards up to $10,000 in <a href="https://tether.to/" target="_blank" rel="noopener noreferrer nofollow">Tether</a> USD (USDT) for actionable intelligence that leads to the freezing of stolen funds. The second is a white hat recovery bounty, which rewards ethical hackers up to 10% of any funds they help recover.</p>
<p>&nbsp;WazirX’s proactive actions demonstrate how security is becoming increasingly important in the cryptocurrency space. As digital assets gain popularity, exchanges have to emphasize strong security protocols to secure their customers. assets. The results of this investigation are likely to influence future security measures in the industry.</p>
<p>The transfer of $57 million in stolen cash by the WazirX hacker represents a step forward in the ongoing investigation. WazirX’s expanded bounty program demonstrates the exchange’s dedication to recovering stolen assets and improving security.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/wazirx-and-binance-exchanges-dispute-escalates/" rel="noopener noreferrer nofollow">WazirX and Binance Exchanges Dispute Escalates</a></li>
 <li><a href="https://cryptonewsland.com/floki-keeps-open-communication-with-community/" rel="noopener noreferrer nofollow">FLOKI Keeps Open Communication With Community Amid WazirX Exploit, $4.7M FLOKI Taken</a></li>
 <li><a href="https://cryptonewsland.com/wazirx-cryptocurrency-exchange-loses-235m-in-lazarus-group-linked-hack/" rel="noopener noreferrer nofollow">WazirX Cryptocurrency Exchange Loses $235M in Lazarus group-Linked Hack</a></li>
 <li><a href="https://cryptonewsland.com/wazirx-crypto-heist-230-million-stolen-converted-to-ether/" rel="noopener noreferrer nofollow">WazirX Crypto Heist: $230 Million Stolen Converted to Ether</a></li>
 <li><a href="https://cryptonewsland.com/surging-beyond-0-7228-wazirx-wrxs-promising-2024-forecast/" rel="noopener noreferrer nofollow">Surging Beyond $0.7228: WazirX WRX’s Promising 2024 Forecast</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/wazirx-hacker-moves-57-million-in/" rel="noopener noreferrer nofollow">WazirX Hacker Moves $57 Million in Stolen Funds, Exchange Doubles Bounty Program</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

WazirX Hacker Moves $57 Million in Stolen Funds, Exchange Doubles Bounty Program

Crypto News Land

Other articles published on Jul 22, 2024

Could BlackRock’s Larry Fink Be Trump’s Next Treasury Secretary?

Golem (GLM) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

5 spot Ethereum ETFs set to launch July 23, but only if ‘no last-minute issues’ occur

BlackRock CEO Larry Fink Rumored to Become Treasury Secretary in Trump Administration

These 10 Cryptos Can Turn A $100 Investment into $10K In The Next Few Months

Trump’s Crypto Plans Post-Biden Exit: Is A Bull Run Next? Top Altcoins To Grab Now!

Join our free newsletter for daily crypto updates!