WazirX Initiates Bounty Program to Recover Stolen Assets

Crypto exchange WazirX launches a bounty program to incentivize the recovery of stolen digital assets.

In response to recent security breaches, WazirX, a leading cryptocurrency exchange, has launched a bounty program aimed at recovering stolen digital assets. This initiative offers rewards to individuals who provide information leading to the identification and recovery of these assets.

The decision follows a series of cyberattacks targeting the exchange, resulting in significant financial losses for users. By offering financial incentives, WazirX hopes to leverage the expertise of the broader cybersecurity community to track down and reclaim the stolen funds.

The bounty program is part of WazirX's broader strategy to enhance security and build trust among its user base. The exchange has also implemented additional security measures and protocols to prevent future breaches.

WazirX's CEO, Nischal Shetty, emphasized the company's commitment to user security and asset protection, urging the community to come forward with any useful information. The program details, including the reward structure and submission process, have been made available on WazirX's official website.

This proactive approach by WazirX reflects a growing trend in the cryptocurrency industry, where exchanges are increasingly adopting collaborative measures to combat cyber threats and protect user assets. The success of the bounty program could set a precedent for other exchanges facing similar challenges.

photo source / Blockonome