WazirX dials FIU-IND, FBI to recover funds lost to $230 million heist

The top leadership of WazirX, the cryptocurrency exchange platform that lost $230 million to a cyberattack on July 19, is in touch with the financial intelligence unit-India (FIU-IND) as well as the United States Federal Bureau of Investigation to trace the money lost.

Cryptocurrency platforms are required to register with FIU-IND, housed in the finance ministry’s department of revenue, to be able to operate in India. The unit also investigates offences such as money laundering. “We have raised a police complaint and are in touch with FIU since WazirX is registered there.