A WazirX client shared screenshots of an email from a certain person posing as a representative of the site on the social network. The letter says that the exchange is ready to offer compensation to users affected by the hack by issuing a new WZA token. The distribution of tokens will depend on the value of assets lost as a result of hacking, and this process will begin in the next 30 days, the authors of the letter assure. It also contains a link to a fraudulent website where users are persuaded to log in to apply for asset recovery.
In the comments, Sumit Gupta, CEO of the Indian CoinDCX exchange, urged cryptocurrency owners to remain vigilant and verify the authenticity of all emails received.
Recently, WazirX CEO Nischal Shetty spoke about the steps the exchange is taking to recover stolen assets after the July 18 hack. Shetty said that WazirX contacted the Financial Intelligence Unit of India (FIU) and the Computer Emergency Response Team (CERT-In), which track the movement of stolen funds.
The exchange is also preparing a reward program that will help freeze and return stolen assets. We are talking about tokens SHIB for $102 million, ETH for $52.5 million, MATIC for $11.24 million, PEPE for $7.6 million, GALA for $3.59 million and 5.79 million USDT.
"Our action plan is as follows: tracking stolen funds, restoring client assets and conducting a deeper analysis of the cyberattack. We are cooperating with law enforcement agencies to identify and detain criminals," Nischal Shetty wrote on Twitter.
Recall that last week, the Rho Markets lending protocol lost USDC and USDT stablecoins worth more than $7.6 million. However, white hackers are ready to refund the funds if the protocol recognizes a configuration error on its part.