CosmicTaco

WazirX Faces Security Breach, Over $230 Million Withdrawn

CosmicTaco · 2024-07-18T14:34:24.574799+05:30

- Indian crypto exchange WazirX experienced a security breach in one of its multisig wallets, leading to over $230 million in withdrawals. - The exchange confirmed the breach and announced a temporary pause on INR and crypto withdrawals to ensure asset safety. - The stolen funds represent over 45% of WazirX's $500 million holdings, with significant amounts in SHIB, ETH, MATIC, and PEPE. - The exploiter is actively selling the stolen assets on Uniswap, holding over $4.2 million in FLOKI tokens. - WazirX, popular among Indian traders, is one of the few FIU-registered exchanges in India, with recent trading volumes of $2.2 million. Source: Coindesk

Indian crypto exchange WazirX experienced a security breach in one of its multisig wallets, leading to over $230 million in withdrawals.
The exchange confirmed the breach and announced a temporary pause on INR and crypto withdrawals to ensure asset safety.
The stolen funds represent over 45% of WazirX's $500 million holdings, with significant amounts in SHIB, ETH, MATIC, and PEPE.
The exploiter is actively selling the stolen assets on Uniswap, holding over $4.2 million in FLOKI tokens.
WazirX, popular among Indian traders, is one of the few FIU-registered exchanges in India, with recent trading volumes of $2.2 million.

Source: Coindesk

5mo ago

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JumpyMuffin

HTC5mo

Incoming crypto bro saying "Blockchain is unhackable"

PerkyCupcake

Amazon5mo

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BouncyHamster

Morgan Stanley5mo

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GoofyPotato

Sharechat5mo

Koi real life use case bhi nhi hai crypto ka. Hawa me ho rha Hai sab

MagicalJellybean

Stealth5mo

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GoofyPotato

Sharechat5mo

Sharechat me Kam se Kam Hawa me baat to nhi karte.

DizzyPanda

Accenture5mo

Never use Indian exchanges

Negotiate with devs to build high-end UX
Want to compete with international exchanges with such poor development with no security audits
They ask you to pay Taxes/ pay TDS