ZachXBT stated that he is not tracking the illicit financial activities related to the WazirX crypto exchange hack. Many WazirX customers have criticised the leadership of WazirX for damaging the reputation of the Indian crypto community.
ZachXBT, a well-known crypto detective, is recognized for tracking bad actors in the crypto sector and frequently exposes hackers behind various hacking incidents & ponzi crypto schemes.
On 18 Sep 2024, a WazirX exchange customer asked ZachXBT to investigate the WazirX hacking incident and provide clues to identify the culprit.
ZachXBT clarified that he has not been tracking the WazirX hacker. He explained that large hacks like this require too many resources for a single investigator. He also expressed concern over the trustworthiness of the WazirX team.
He further elaborated that Indian government agencies lack expertise in cryptocurrencies and might misuse the investigation results, shifting blame onto crypto investors for choosing digital assets.
Many Indian crypto influencers are holding WazirX responsible for tarnishing the reputation of the Indian crypto community.
WazirX Crypto Hacking Incident
Two months ago, a cold wallet belonging to WazirX was compromised by an unknown hacker who successfully drained $235 million worth of cryptocurrencies. So far, no information about the hacker has surfaced publicly.
The WazirX team has also failed to garner support from major crypto tracking firms. Binance recently confirmed that WazirX has not responded regarding this matter.
Some believe that an insider may be involved in the hack, as 5 out of 6 signatures were under the control of WazirX leadership.
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