WazirX Increases White Hat Recovery Reward to $23 Million After $230M Hack

WazirX has increased its White Hat recovery reward by 10%, which is now worth $23 million. This move follows a severe cyber attack that resulted in the theft of over $230 million from a multi-signature wallet. As a way to recover funds, the exchange announced a Bounty Program, calling on global participation from white hat hackers, cybersecurity specialists, and blockchain analysts. Initially, they set the bounty at 5%, amounting to $11.5 million. Later, based on popular blockchain investigator ZachXBT’s feedback, they increased it to 10%. The bounty program will run for three months from the date of announcement.

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