WazirX Faces Security Breach, Over $230 Million Withdrawn

• 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