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WazirX, one of India's largest cryptocurrency exchanges, suffered a security breach on Thursday that resulted in the loss of $230 million, nearly half of its reserves. The exchange referred to the incident as a “force majeure event.
WazirX, one of India's leading cryptocurrency exchanges, halted all withdrawals on Thursday following a significant security breach which resulted in the loss of $230 million.
One of India's largest crypto exchanges WazirX suffered a security breach that drained $234 million of users funds yesterday. The incident, which targeted the exchange's multisig wallet on the Ethereum network, saw the theft of over 200 different crypto assets, including Shiba Inu, Ethereum, Polygon, and PEPE memecoin.
Indian cryptocurrency exchange WazirX suffered a major security breach resulting in the loss of approximately $230 million in digital assets
Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.
The hacker exchanged the assets for 43,800 ETH, or about $149.46 million, and holds around 59,097 ETH, Lookonchain said.
As per the latest on-chain data, it turns out that the WazirX hacker has converted all of the stolen altcoins into Ethereum (ETH). This development comes just as the spot Ethereum ETF is likely to go live four days from now.
Shiba Inu, a dog-themed memecoin is in the spotlight as trillions of SHIB were reportedly stolen in a recent cybersecurity breach with the leading India-based cryptocurrency exchange, WaxirX.
Indian cryptocurrency exchange WazirX said Thursday (July 18) that it lost more than $230 million in a cyberattack. “This is a force majeure event beyond our control, but we are leaving no stone unturned to locate and recover the funds,” the company said in a preliminary report posted on its website.
A crypto exchange based out of India has confirmed a multi-million dollar security breach on a multi-sig wallet. According to the India-based exchange WazirX, the incident has led the exchange to temporarily halt Indian rupee (INR) and crypto withdrawals. “Update: We're aware that one of our multisig wallets has experienced a security breach.
Indian-based cryptocurrency exchange WazirX recently fell victim to a significant security breach, resulting in the unauthorized transfer of over $230 million of assets. The incident led to the temporary suspension of withdrawals as the exchange worked to investigate and mitigate the breach.
Bitcoin's trading pairs with the Indian rupee have fallen off a cliff. A whopping $100 million worth of SHIB was stolen from WazirX too, with the memecoin tanking in value.
Meanwhile, Lens targets the fourth quarter for a mainnet launch on ZKsync, with the end goal of AI monetization.
WazirX Vice President Rajagopal Menon on Thursday described as a “force majeure event beyond our control,” the cyber attack on one of its multisignature wallets resulted in a loss exceeding $230 million. What Happened: In statement to Benzinga, Menon stated that the attack targeted a multisig wallet that had been utilizing Liminal's digital asset custody and wallet infrastructure since February 2023.
Mumbai-based WazirX crypto exchange released its post-mortem report on a “force majeure” incident that allowed a multi-sig wallet hack.
Hours after prominent Indian cryptocurrency exchange WazirX fell prey to a cyber attack which led to a loss of funds exceeding $230 million, the company has revealed its preliminary findings related to it. “A cyber attack occurred in one of our multisig wallets involving a loss of funds exceeding $230 million.
Indian cryptocurrency exchange Wazirx has provided an update on the over $230 million security breach in its multisig wallet, which involved Liminal's custody services. The exchange detailed the incident and ongoing recovery efforts, promising transparency and further updates.
WazirX, a Mumbai-based cryptocurrency exchange, has confirmed a significant security breach resulting in the theft of over $235 million from one of its multisig wallets.
On July 18, WazirX, a leading cryptocurrency exchange in India, announced that it had detected a security breach in one of its multisig wallets. In response to this incident, the exchange has temporarily halted all withdrawals of Indian Rupees (INR) and cryptocurrencies.
Shiba Inu (SHIB) has seen a significant downturn amid the unsettling news of a major security breach at WazirX, one of India's prominent cryptocurrency exchanges. At press time, SHIB's price stood at $0.00001722, reflecting a 9.99% decline over the past 24 hours amid broader market concerns.
Earlier today, WazirX, a prominent Indian cryptocurrency exchange, suffered a severe security breach resulting in the loss of approximately $235 million in crypto assets, with suspicions pointing towards North Korean hackers.
The Shiba Inu price has dived by 11% in the past 24 hours, dropping to $0.00001707 after criminals stole 5.4 trillion SHIB as part of a $234 million hack of Indian exchange WazirX.
The Shiba Inu meme coin has dropped after facing major resistance through a confluence of factors while breaking down under major support zones.
Impact on the crypto ecosystem: SHIB token in free fall
