Crypto Exchange WazirX Files Police Complaint and Engages with CERT-In After $230 Million Hack
Indian crypto exchange WazirX has reported a $230 million hack to the police and engaged with the Indian Computer Emergency Response Team (CERT-In) to identify and apprehend the perpetrators. The company is also collaborating with forensic experts and law enforcement agencies to recover customer assets and conduct a deeper analysis of the cyber attack. WazirX is registered with the Financial Intelligence Unit (FIU-India) but the incident does not fall under its ambit as it is a security breach. The lack of crypto-specific regulation in India highlights the need for clear regulatory expectations on issues such as security standards, risk management, and consumer protection.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Google Cloud Unveils Blockchain RPC Service: What It Means for Adoption
Critical FED Interest Rate Decision Expected in Bitcoin Today! What Time Will It Be Announced? Here Are the Expectations and Things to Know!
While the FED's interest rate decision is awaited in Bitcoin today, it remains unclear whether the FED will reduce interest rates by 25 basis points or 50 basis points.
Last Minute Interest Rate Announcement from BofA and Two Companies – Here is the Decision They Expected Just Ahead
Analysts from BofA and two other firms shared their latest expectations for the Fed's interest rate decision, which is now just minutes away.
The FED’s Decision is Just Minutes Away: Here is the Decision Time and Expectations According to the Latest Data
The FED's eagerly awaited decision is now just minutes away. So, what are the expectations according to the latest data?
Trending news
MoreCrypto prices
More
