Indian Intelligence Bureau (IB) Meets Hacked-WazirX Exchange Team

On behalf of WazirX customers’ demand, three Indian agencies met with the WazirX leadership.

As we know, WazirX was a popular Indian crypto exchange, but currently, this exchange is struggling badly due to poor financial health. The platform faced a hack incident 3 months ago, in which the exchange lost $235 million worth of cryptocurrencies. Since then, the service of this platform has been suspended.

As per the latest report shared by a Crypto X user, dedicated to representing WazirX customers against the hacking incident, the Intelligence Bureau (IB), FIU, and CERT officials met with WazirX founders.

In a follow-up tweet, this X user explained that an investigation has been started in connection with the WazirX hack incident. They showed interest in this matter due to potential insider involvement in the hack.

However, the investigation is in the initial phase, so it is too early to comment on this hack incident.

Many people claim that Indian authorities showed interest in this matter because of the demand of WazirX customers.

In past reports, we covered that WazirX customers expressed anger towards Indian government agencies, as the exchange was registered with the Indian FIU unit and other regulatory bodies, but they failed to pass any statement or take enforcement action against WazirX.

WazirX Creditors Committee

Earlier, WazirX leadership selected 10 random persons to establish a WazirX creditors committee to support the voice of each WazirX customer against any potential misconduct by the WazirX leadership in the current situation. At that time, WazirX faced allegations of creating fake WazirX customers, who were actually close to WazirX leadership.

Now, however, they are selecting WazirX customers via random selection. In the first phase, the WazirX team selected 43,000 people, and now they will choose 10 from this large number as the final members of the WazirX creditors committee.

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