Indian cryptocurrency exchange WazirX is being investigated by officials over a $235 million crypto hack. The exchange is collaborating with government agencies and has provided detailed information related to the hack. The Financial Intelligence Unit (FIU) has reached out to other stakeholders in the crypto sector to assess the broader implications of the hack. WazirX plans to publicly disclose wallet addresses and respond to user queries to ensure transparency. The exchange aims to form a committee of creditors and return 52-55% of the remaining crypto assets to clients. WazirX's parent company, Zettai, is also in discussions with potential partners to enhance user recoveries. An independent audit found no evidence implicating WazirX's custodian partner in the hack.



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