Wazirx Exchange Falls Victim to Hack, Suffers More Than $230 Million Loss
In the latest development that has sent shockwaves through the crypto community, Wazirx, a popular cryptocurrency exchange in India, has fallen victim to a security breach, suffering over $230 million loss in user funds. Interestingly, this comes against the backdrop of the defunct crypto exchange Mt. Gox allegedly suffering a brute force attack on users’ accounts.
Consequently, this has been recorded as one of the largest crypto exchange thefts in 2024. Growing concerns and speculations have rocked social media about the level of security employed by exchange platforms and the ease at which perpetrators get access to user funds.
Cybersecurity Firm Calls Attention to Attack
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