Following the hack, users have been targeted by a wave of phishing attacks. Scammers are taking advantage of the chaos by sending fake compensation emails purporting to be from WazirX.
These emails appear official and acknowledge the security breach while promising reimbursement. They mention the issuance of a new token, WZA, to be airdropped to affected users. It states that the procedure will start in 30 days.
The mail states, “On July 18, 2024, our platform experienced a significant cyber attack that resulted in the loss of over $230 million in various cryptocurrencies. Despite our robust security measures, attackers managed to exploit a vulnerability in our multi-sig wallet, causing this unfortunate incident. We deeply regret any inconvenience and concern this may have caused you.”
Nevertheless, these emails are part of a sophisticated phishing attempt that aims to trick consumers into clicking on harmful links or disclosing personal information.
WazirX has also drawn attention to several efforts to address phishing scams. The group has been actively attempting to lessen the harm brought about by these phishing efforts to address the problem. The group brought attention to the rise of scam bots posing as its official accounts in a statement.
WazirX said, “It has come to our notice that scam bots are impersonating our official WazirX accounts and sharing fake links. We strongly recommend double-checking the username and verified badge of any account that appears to be WazirX.”
The CEO of CoinDCX, Sumit Gupta, has issued a stark warning to the crypto community about these fake compensation emails following a big attack at WazirX, a well-known cryptocurrency exchange.
Gupta took to X (formerly Twitter) to caution users against fake emails and emphasized the importance of verifying the authenticity of any communication from WazirX. On July 18, 2024, WazirX led to the theft of $230 million worth of several cryptocurrencies, including Ethereum, Pepe Coin, Polygon (MATIC), Shiba Inu, and PEPE.
Gupta advised users to double-check the sender’s email address and the website link’s authenticity and verify details from trusted sources before taking any action. Gupta’s warning included the hashtag #WazirX, which gained traction as users shared their experiences and tips for avoiding scams.
Users are urged to avoid links from unverified sources and use the official WazirX website and support channels for inquiries on the recent hack and compensation plan. Scam Sniffer also warns against fake WazirX accounts and phishing sites, noting that hacks are opportunities for scammers to strike.
Also Read: WazirX Hack: Rival Indian Exchanges Say Investor Money is Safe