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One of the worst hacks for the crypto industry happened this morning in India; the WazirX exchange has been hacked, and more than 230 million USD (approximately 2,000 crore INR) was stolen. The breach which targeted the exchange's Safe Multisig wallet on the Ethereum network was as complex as any professional criminal attack.
North Korean hackers are suspected of stealing approximately $235 million in various crypto assets from WazirX.
Indian crypto exchange Wazirx has announced a security breach affecting one of its multisig wallets, resulting in the theft of over $230 million. Cryptocurrency and INR withdrawals have been halted as the team investigates the incident, with blockchain investigators Zachxbt and Mudit Gupta offering insights into the sophisticated hack.
Shiba Inu (SHIB) has been grappling with short-term bearish signals, and the recent hacking incident at WazirX—allegedly orchestrated by North Korea's infamous Lazarus Group—has only intensified its troubles.
India's largest crypto exchange, WazirX, has been hacked for $235 million, leading to suspended withdrawals and significant market value drops for all involved cryptocurrencies.
WazirX, an Indian crypto exchange, experienced a security breach on Thursday, resulting in the unauthorized transfer of roughly $235 million worth of crypto assets. The exploiter is actively converting the stolen tokens into Ethereum, and the exchange has already paused rupee and crypto withdrawals.
Indian cryptocurrency exchange WazirX has reportedly been hacked, resulting in losses exceeding $230 million.
WazirX News: The crypto world is abuzz following a massive $235 million hack on one of India's leading cryptocurrency exchanges. Amid this, Arkham has announced a bounty for information leading to the hacker's identity or the recovery of the stolen funds.
After experiencing a notable price surge over the past few days, the Shiba Inu rally appears to lack momentum as it faces resistance following a hack attack on India's WazirX exchange. Based on SHIB price forecast, the correction will continue throughout the day as investors react to the hacker making away with more than 5
Elliptic said its on-chain analysis suggests hackers affiliated with North Korea conducted today's high-profile exploit of WazirX.
Indian crypto exchange WazirX falls victim to a multimillion-dollar crypto hack.
Indian cryptocurrency exchange exchange's multisig wallet has been exploited with the attacker selling significant portions of the stolen assets.
After the incident, the attackers' addresses had already swapped the stolen PEPE, GALA, and USDT for ETH.
SHIB is the biggest crypto by the U.S. dollar value drained from WazirX's wallet in the hacking incident which includes Pepe, Ether, and other cryptocurrencies.
Cyvers had detected the suspicious transactions and attempted to contact WazirX 30 minutes prior to their public announcement, but received no reply.
According to Etherscan, Reports indicate that this compromise has transferred approximately $234.9 million worth of cryptocurrencies to a new address. The incident has sparked concerns within the cryptocurrency community regarding the security measures employed by exchanges.
In a significant cybersecurity incident on July 18, 2024, WazirX, a prominent Indian cryptocurrency exchange, fell victim to a wallet exploit resulting in the unauthorized transfer of more than $230 million worth of crypto assets.
Blockchain security firm Cyvers Alert reported that the Indian exchange WazirX was exploited for around $235 million. Cyvers stated: “Our system has detected multiple suspicious transactions involving [WazirX's] Safe Multisig wallet on the ETH network.
The WazirX hack underscores the persistent vulnerability of crypto exchanges, impacting market stability and investor confidence. The post Shiba Inu's SHIB down 8% following WazirX exchange exploit appeared first on Crypto Briefing.
Indian crypto exchange WazirX has paused rupee and crypto withdrawals after one of its multisig wallets was breached.
Reports show that hackers have targeted WazirX, an Indian crypto exchange. Based on information provided by the security platform Cyvers, several transactions have been flagged as suspicious.
In a rather shocking incident, WazirX, a popular crypto exchange in India, is now the latest victim of a hacker attack losing $235 million, which makes it one of the largest heists of the year.
ZachXBT reports a potential hack, highlighting a theft address and substantial asset losses.
In a surprising twist, the largest cryptocurrency exchange in India, WazirX, has announced that its multisig wallets have experienced a major breach resulting in the loss of over $230 million digital assets.
