Nischal, a member of the WazirX team, stated in a post on X that the team is actively working on the next steps, including:

1. Preparing a bounty program to help freeze/recover stolen assets;

2. Contacting industry experts for further discussions on tracking fund flows;

3. Notifying all other exchanges. Some have responded, while others are still being followed up on;

4. Analyzing data to understand the extent of the damage;

5. Committed to further law enforcement and regulatory procedures.