Krutika Adani
On 18 July 2024, the crypto exchange WazirX was hacked, and attackers drained $230 million from its multi-sig wallet.
WazirX offers a $10,000 bounty for intelligence that leads to the freezing of funds. If the intelligence or assistance leads to full recovery, the bounty would be $23 million, or 10% of the recovered funds.
Such bounties have previously worked well. A notable case was Euler Finance, which successfully recovered $197 million in March 2024.
Unconfirmed rumours say that the North Korea-backed Lazarus Group might have performed the hack.
Crypto hacks that led to a full recovery include Gala Games, Euler Finance, Poly Network, Wormhole, and Munchables, among several others.