WazirXHack
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📰 Latest Crypto News from TDR Times! 📰
What are your thoughts on crypto security after the WazirX hack incident?
WazirX lost approximately $234.9 million from its Safe Multisig wallet on Ethereum.
In response, WazirX paused withdrawals and launched a $23M worth of bounty program to recover the stolen assets.
Apart from this bad news, we have some good news in our bucket as well.
The Chicago Board Options Exchange (CBOE) will begin trading five spot Ethereum ETFs from today. This follows the SEC's approval of the necessary regulatory filings.
You may be wondering what those 5 spot Ethereum ETFs are.
21Shares Core Ethereum ETF
Fidelity Ethereum Fund
Franklin Ethereum ETF
Invesco Galaxy Ethereum ETF
VanEck Ethereum ETF
Following this news, the launch of these Ethereum ETFs is likely to attract significant investment, which could reduce the already limited supply of Ethereum on exchanges, creating a situation where demand outstrips supply and potentially driving up prices.
One more piece of good news is in the lane.
US Bitcoin spot exchange-traded funds (ETFs) have recorded over $17 billion in net inflows, setting a new record.
Leading ETFs:
BlackRock's IBIT: ~$18.96 billion in inflows
Fidelity’s FBTC: ~$9.96 billion in inflows
Grayscale’s GBTC: ~$18.69 billion in outflows
What do you think? Could the success of these ETFs lead to more cryptocurrency-based investment products in the future?
#CryptoNews🚀🔥 #WazirXHack #CryptoSecurity #EthereumETFs BlackRock Fidelity
What are your thoughts on crypto security after the WazirX hack incident?
WazirX lost approximately $234.9 million from its Safe Multisig wallet on Ethereum.
In response, WazirX paused withdrawals and launched a $23M worth of bounty program to recover the stolen assets.
Apart from this bad news, we have some good news in our bucket as well.
The Chicago Board Options Exchange (CBOE) will begin trading five spot Ethereum ETFs from today. This follows the SEC's approval of the necessary regulatory filings.
You may be wondering what those 5 spot Ethereum ETFs are.
21Shares Core Ethereum ETF
Fidelity Ethereum Fund
Franklin Ethereum ETF
Invesco Galaxy Ethereum ETF
VanEck Ethereum ETF
Following this news, the launch of these Ethereum ETFs is likely to attract significant investment, which could reduce the already limited supply of Ethereum on exchanges, creating a situation where demand outstrips supply and potentially driving up prices.
One more piece of good news is in the lane.
US Bitcoin spot exchange-traded funds (ETFs) have recorded over $17 billion in net inflows, setting a new record.
Leading ETFs:
BlackRock's IBIT: ~$18.96 billion in inflows
Fidelity’s FBTC: ~$9.96 billion in inflows
Grayscale’s GBTC: ~$18.69 billion in outflows
What do you think? Could the success of these ETFs lead to more cryptocurrency-based investment products in the future?
#CryptoNews🚀🔥 #WazirXHack #CryptoSecurity #EthereumETFs BlackRock Fidelity
@WazirXIndia, in light of the recent $235M cyber attack, consider applying for Binance's #SAFU fund thru @Binance Labs, the $1B industry recovery fund initiative. This can safeguard Indian crypto users and restore trust in the industry. #CryptoRecovery #TrustInCrypto #WazirXHack
#WazirXHack Here are some details about the cyber attack on WazirX
- Amount: More than $230 million
- Type of currency: A variety of cryptocurrencies, including SHIB, ETH, MATIC, PEPE and USDT
- Wallet: The funds were stolen from a WazirX multisig wallet, which is a type of wallet that requires two or more private keys to authenticate transactions.
- Suspected hackers: Blockchain sleuth Elliptic believes that the attack was perpetrated by North Korean hackers.
- Date: The attack occurred on July 18, 2024.
- Current status: The stolen funds are being actively sold on the onchain exchange Uniswap.
#BinanceTournament #Babylon_Mainnet_Launch
- Amount: More than $230 million
- Type of currency: A variety of cryptocurrencies, including SHIB, ETH, MATIC, PEPE and USDT
- Wallet: The funds were stolen from a WazirX multisig wallet, which is a type of wallet that requires two or more private keys to authenticate transactions.
- Suspected hackers: Blockchain sleuth Elliptic believes that the attack was perpetrated by North Korean hackers.
- Date: The attack occurred on July 18, 2024.
- Current status: The stolen funds are being actively sold on the onchain exchange Uniswap.
#BinanceTournament #Babylon_Mainnet_Launch
WazirX has outlined the process for INR withdrawals. Here's what to expect:
Users can withdraw 66% of their INR balance in two stages:
1. **Stage 1 (August 26th - September 8th):** Users can withdraw 50% of the allowed 66%.
2. **Stage 2 (September 9th - September 22nd):** Users can withdraw the remaining amount.
**Example:**
If you have ₹10,000 on WazirX, you can withdraw ₹3,300 by September 8th and another ₹3,300 between September 9th and September 22nd.
#wazirX #WazirXHack #bitcoin
Users can withdraw 66% of their INR balance in two stages:
1. **Stage 1 (August 26th - September 8th):** Users can withdraw 50% of the allowed 66%.
2. **Stage 2 (September 9th - September 22nd):** Users can withdraw the remaining amount.
**Example:**
If you have ₹10,000 on WazirX, you can withdraw ₹3,300 by September 8th and another ₹3,300 between September 9th and September 22nd.
#wazirX #WazirXHack #bitcoin
Day 15 #wazirxhack #wazirx
Open Withdrawals Immediately.
Wazirx wanted to know the community feedback. The unanimous customer voice I am seeing on Twitter especially on their exchange handle is to open withdrawals for 55% of the crypto tokens and 100% of INR withdrawals.
It is almost two weeks since the hack. Everyone understands why withdrawals were disabled on 18th July. There was a breach and it is a rational response to close all the systems and do a thorough audit. Wazirx had finished that audit last week and announced their platform is safe and that only the external systems got breached. And 45% of the customer assets were lost.
There is no reason why withdrawals are still disabled after 15days. If crypto prices crash by 30% tomorrow, customers will not even get the 55% that is with Wazirx. Crypto is a 24/7 volatile market. As exchanges we don’t even close on Sundays or Midnight. To not allow access to the available assets is a crime. Many users might have urgent needs.
It is completely understandable you are working in parallel on the recovery to reduce the 45% gap. This is going to take time and the recovery may be in parts.
But these polls, feedback forms are delaying the customer access to their funds. They are saying they want to do the will of the community but they are ignoring the number 1 request. OPEN YOUR WITHDRAWALS FOR THE 55% of ASSET BALANCE.
#wazirX #WazirXHack #WazirXIndia
Open Withdrawals Immediately.
Wazirx wanted to know the community feedback. The unanimous customer voice I am seeing on Twitter especially on their exchange handle is to open withdrawals for 55% of the crypto tokens and 100% of INR withdrawals.
It is almost two weeks since the hack. Everyone understands why withdrawals were disabled on 18th July. There was a breach and it is a rational response to close all the systems and do a thorough audit. Wazirx had finished that audit last week and announced their platform is safe and that only the external systems got breached. And 45% of the customer assets were lost.
There is no reason why withdrawals are still disabled after 15days. If crypto prices crash by 30% tomorrow, customers will not even get the 55% that is with Wazirx. Crypto is a 24/7 volatile market. As exchanges we don’t even close on Sundays or Midnight. To not allow access to the available assets is a crime. Many users might have urgent needs.
It is completely understandable you are working in parallel on the recovery to reduce the 45% gap. This is going to take time and the recovery may be in parts.
But these polls, feedback forms are delaying the customer access to their funds. They are saying they want to do the will of the community but they are ignoring the number 1 request. OPEN YOUR WITHDRAWALS FOR THE 55% of ASSET BALANCE.
#wazirX #WazirXHack #WazirXIndia
Wazirx Hack Update :
👋 tribe! Here's an update on what we're actively working on:
» We are nearing the completion of restoring the balances for trades that happened between 18 and 21 July. This will undo all trades carried out on the WazirX platform following the stoppage of withdrawals on 18 July 2024, at 1 PM IST.
» We're working with legal experts to help us formulate an effective method for enabling withdrawals.
» For our Bounty Program, we've received entries from 344 bounty hunters, including security professionals and ethical hackers, who are actively pursuing the trail of the stolen funds.
» We are in touch with multiple partners to explore all possible solutions to mitigate the financial impact of the cyberattack. Currently, we are in discussions with seven partners and making steady progress.
Thank you for your continued patience and support 🙏
This Is Official Message From Wazirx Team.
#WazirXHack #WazirXIndia #WazirXHacked #wazirX #wazirX
👋 tribe! Here's an update on what we're actively working on:
» We are nearing the completion of restoring the balances for trades that happened between 18 and 21 July. This will undo all trades carried out on the WazirX platform following the stoppage of withdrawals on 18 July 2024, at 1 PM IST.
» We're working with legal experts to help us formulate an effective method for enabling withdrawals.
» For our Bounty Program, we've received entries from 344 bounty hunters, including security professionals and ethical hackers, who are actively pursuing the trail of the stolen funds.
» We are in touch with multiple partners to explore all possible solutions to mitigate the financial impact of the cyberattack. Currently, we are in discussions with seven partners and making steady progress.
Thank you for your continued patience and support 🙏
This Is Official Message From Wazirx Team.
#WazirXHack #WazirXIndia #WazirXHacked #wazirX #wazirX
WAZIRX SHARING BLAMES INSTEAD OF
USER REFUNDS🚨‼️
Nischal the founder of WazirX has said Liminal chose to blame WazirX for the hack without any proof.
So In order to find out whose fault it is, WazirX brought Mandiant, a Google subsidiary, to investigate & analyze all three laptops that were involved during the signing process.
Apparently, there has been NO compromise on WazirX side.
Still, this does not explain what will happen to funds of Users.
#WazirXIndia brought forward a refund withdrawal system yet, nothing has been done.
People are tired of stories, They need their money back!
#wazirxindia #WazirXHack
USER REFUNDS🚨‼️
Nischal the founder of WazirX has said Liminal chose to blame WazirX for the hack without any proof.
So In order to find out whose fault it is, WazirX brought Mandiant, a Google subsidiary, to investigate & analyze all three laptops that were involved during the signing process.
Apparently, there has been NO compromise on WazirX side.
Still, this does not explain what will happen to funds of Users.
#WazirXIndia brought forward a refund withdrawal system yet, nothing has been done.
People are tired of stories, They need their money back!
#wazirxindia #WazirXHack
Indian crypto exchange has been hacked 2 days back, wazirX the crypto price is sinking, keep an eye as soon as it gets resolved it will rise up a bit for sure. Good oppurtunity to make some fast gains. #WAZRIX #WazirXIndia #WazirXHack #india_crypto #IndiaCryptoBan $WRX
Wazirx changed User Balance snapshot date from 21.07.2024 to the day of the hack 18.07.2024 - 1 PM IST.
#wazirX #WazirXHack
#wazirX #WazirXHack
#WazirXHack There is a possibility that WazirX may recover the stolen funds
WazirX has stated that they are actively investigating the incident and have blocked a few deposits, and they are in touch with the best resources to help them recover the funds ¹. Additionally, crypto sleuth ZachXBT has claimed a bounty after submitting evidence of the KYC-deposit address used by the hacker, which could help in the recovery of the stolen funds ³. However, the hacker has already started selling off the stolen funds, which may reduce the chances of recovery.
WazirX has stated that they are actively investigating the incident and have blocked a few deposits, and they are in touch with the best resources to help them recover the funds ¹. Additionally, crypto sleuth ZachXBT has claimed a bounty after submitting evidence of the KYC-deposit address used by the hacker, which could help in the recovery of the stolen funds ³. However, the hacker has already started selling off the stolen funds, which may reduce the chances of recovery.
WazirX has received 133 entries for its Bounty Program and is currently reviewing them. Join wazirx in supporting the crypto community and register now. A $23 million bounty is available for solutions that effectively lead to a resolution.
#wazirX
#Wrx
#WazirXHack
#wazirX
#Wrx
#WazirXHack
WazirX hacker on a spending spree! 💰 Just moved another $56M in #ETH to two new wallets. 😤👊
They still have a cool $153M in ETH left! Plus, they're still dumping other coins (e.g. $REEF , $REN ) for more $ETH . ⛈️
This guy's on a roll...or maybe a roll of toilet paper? 🤔 #WazirXHack #CryptoTheft
Thanks SpotOnChain for info!!
They still have a cool $153M in ETH left! Plus, they're still dumping other coins (e.g. $REEF , $REN ) for more $ETH . ⛈️
This guy's on a roll...or maybe a roll of toilet paper? 🤔 #WazirXHack #CryptoTheft
Thanks SpotOnChain for info!!
🚨 Urgent: $230M Hack Crisis 🚨
WazirX Seeks Binance's Support Amid Recovery Plan Clash🤝💰
- Shocking Turn of Events: #WazirX, a leading Indian crypto exchange, faces a $230M hack crisis.
- Lifeline Needed: WazirX turns to #Binance for assistance.
- Recovery Plan Dispute: The two companies clash over a proposed recovery plan. 💔
Key Players:
- Nischal Shetty: WazirX's CEO reaches out to Binance's CZ for help.
- Changpeng Zhao (CZ): Binance CEO is approached for support.
Current Situation:
- Unclear Details: The proposed recovery plan's specifics remain unknown, causing friction between the exchanges. 🤔
- Precarious Position: WazirX urgently needs support to recover the stolen funds. 😱
What's Next?
- Binance's Role: Will Binance come to the rescue, or will the dispute escalate further? 🔥
Stay tuned for updates on this developing story. 📰
#WazirXHack
WazirX Seeks Binance's Support Amid Recovery Plan Clash🤝💰
- Shocking Turn of Events: #WazirX, a leading Indian crypto exchange, faces a $230M hack crisis.
- Lifeline Needed: WazirX turns to #Binance for assistance.
- Recovery Plan Dispute: The two companies clash over a proposed recovery plan. 💔
Key Players:
- Nischal Shetty: WazirX's CEO reaches out to Binance's CZ for help.
- Changpeng Zhao (CZ): Binance CEO is approached for support.
Current Situation:
- Unclear Details: The proposed recovery plan's specifics remain unknown, causing friction between the exchanges. 🤔
- Precarious Position: WazirX urgently needs support to recover the stolen funds. 😱
What's Next?
- Binance's Role: Will Binance come to the rescue, or will the dispute escalate further? 🔥
Stay tuned for updates on this developing story. 📰
#WazirXHack
Wazirx Say
Projects linked to the stolen tokens are being actively contacted to seek their support in the recovery process. Simultaneously, efforts are underway to enable withdrawals and determine the best way to restart deposits and trading on the platform.
#wazirX
#WazirXIndia
#WazirXHack
Projects linked to the stolen tokens are being actively contacted to seek their support in the recovery process. Simultaneously, efforts are underway to enable withdrawals and determine the best way to restart deposits and trading on the platform.
#wazirX
#WazirXIndia
#WazirXHack
WazirX INR Withdrawal Update 🛠️💥🇮🇳
Key Points: 💻👀👇
◽ Phased Withdrawal: WazirX users will receive their INR withdrawals in two phases.
◽ First Phase: 50% of the eligible INR amount can be withdrawn from August 26 to September 8.
◽ Second Phase: The remaining 50% can be withdrawn from September 9th to September 22.
◽ Limited Withdrawal: Due to legal issues with Zanmai, users cannot withdraw the remaining 34% of their INR funds.
Example: If you have 10,000 INR on #WazirX , you can withdraw 3,300 INR in each phase. 👀
What do you think, 🤷🙊 share your thoughts with us! DYOR! #WazirXHack #Altcoins
Key Points: 💻👀👇
◽ Phased Withdrawal: WazirX users will receive their INR withdrawals in two phases.
◽ First Phase: 50% of the eligible INR amount can be withdrawn from August 26 to September 8.
◽ Second Phase: The remaining 50% can be withdrawn from September 9th to September 22.
◽ Limited Withdrawal: Due to legal issues with Zanmai, users cannot withdraw the remaining 34% of their INR funds.
Example: If you have 10,000 INR on #WazirX , you can withdraw 3,300 INR in each phase. 👀
What do you think, 🤷🙊 share your thoughts with us! DYOR! #WazirXHack #Altcoins
🚨 🚨⚠️Attention WazirX Users ⚠️🚨🚨🚨
If you are a #WazirX user, there's nothing you can do at the moment. Unfortunately, this is the reality.
Just hope that negotiations with the hacker start soon and the funds are returned to WazirX.
My main question to #WazirXIndia -
Were the hacked funds and all other funds on the exchange insured?
🔔 Stay informed with Kaleem's Crypto Mehfil !
KCM: Connecting Crypto Minds, Har Roz! 🔗
Need Your Support:
✅ Like 👍 | Comment 💬 | Retweet 🔁 |
Follow me for more updates! 👉
@Kaleem Crypto Mehfil KCM
Let's keep the conversation going! 💬
#KaleemsCryptoMehfilKCM #wazirX #WazirXHack #BinanceTournament #ETH_ETFs_Approval_Predictions
If you are a #WazirX user, there's nothing you can do at the moment. Unfortunately, this is the reality.
Just hope that negotiations with the hacker start soon and the funds are returned to WazirX.
My main question to #WazirXIndia -
Were the hacked funds and all other funds on the exchange insured?
🔔 Stay informed with Kaleem's Crypto Mehfil !
KCM: Connecting Crypto Minds, Har Roz! 🔗
Need Your Support:
✅ Like 👍 | Comment 💬 | Retweet 🔁 |
Follow me for more updates! 👉
@Kaleem Crypto Mehfil KCM
Let's keep the conversation going! 💬
#KaleemsCryptoMehfilKCM #wazirX #WazirXHack #BinanceTournament #ETH_ETFs_Approval_Predictions
Crypto Cyber Theft: कैसे 2000 करोड़ रुपये की क्रिप्टो करेंसी हुई चोरी? देखिए Cyber Loot की पूरी कहानी.
#wazirX #WazirXHack #WRX #WazirXHack #WazirXIndia
#wazirX #WazirXHack #WRX #WazirXHack #WazirXIndia
WazirX hackers have begun moving stolen funds through Tornado Cash, a popular crypto mixer known for its anonymity features.
So far, they have transferred 2,600 ETH, valued at approximately $6.5 million. This move is likely an attempt to obfuscate the transaction trail, making it difficult for authorities to trace the stolen assets.
The use of Tornado Cash has raised concerns among regulators and security experts, as it complicates efforts to recover the funds. This incident highlights the ongoing challenges in securing cryptocurrency exchanges and the growing sophistication of cybercriminals.
#wazirX #WazirXHack $WRX
#CryptoMarketMoves
So far, they have transferred 2,600 ETH, valued at approximately $6.5 million. This move is likely an attempt to obfuscate the transaction trail, making it difficult for authorities to trace the stolen assets.
The use of Tornado Cash has raised concerns among regulators and security experts, as it complicates efforts to recover the funds. This incident highlights the ongoing challenges in securing cryptocurrency exchanges and the growing sophistication of cybercriminals.
#wazirX #WazirXHack $WRX
#CryptoMarketMoves
Three Hackers Use Tornado Cash to Move 17,800 ETH Worth $42.7M in Three Days
Date: Fri, Sept 06, 2024, 05:18 AM GMT
The cryptocurrency world is buzzing with news of increased hacker activity, as three hackers have been identified moving a staggering 17,800 ETH, worth approximately $42.7 million, through Tornado Cash in just three days. This has raised alarms across the market, highlighting the ongoing security challenges in the digital finance space.
According to Lookonchain, a reputable on-chain analysis platform, these hackers have strategically used Tornado Cash, a privacy-focused Ethereum mixing service, to obscure the trail of their illicit funds.
Breakdown of the Transactions:
Penpiexyz Exploiter: This hacker alone moved 9,600 ETH, worth $23 million, into Tornado Cash. This substantial transaction has drawn attention to the vulnerability of platforms and the need for enhanced security measures.WazirX Exploiter: Another hacker associated with this breach transferred 7,200 ETH, valued at $17.3 million, into Tornado Cash. The origin of these funds remains under investigation, but the significant amount indicates a well-coordinated effort.Fenbushi Capital Incident: The third hacker, known for stealing $42 million from Bo Shen, the founder of Fenbushi Capital, deposited 1,000 ETH, approximately $2.4 million, into Tornado Cash. This move follows the high-profile attack on Fenbushi Capital, adding another layer to this already complex situation.
The use of Tornado Cash by these hackers highlights the ongoing struggle between privacy and security in the crypto space. While services like Tornado Cash offer privacy benefits to users, they also present challenges in tracking and recovering stolen assets. The community and authorities are closely monitoring these developments, as the hunt for these hackers continues.
This incident serves as a stark reminder of the risks associated with the crypto market and the importance of staying vigilant. As the crypto world evolves, so do the tactics of those looking to exploit it.
Get more updates at: https://coinsprobe.com/
#CryptoHacks #WazirXHack #TornadoCash
$ETH $WRX
The cryptocurrency world is buzzing with news of increased hacker activity, as three hackers have been identified moving a staggering 17,800 ETH, worth approximately $42.7 million, through Tornado Cash in just three days. This has raised alarms across the market, highlighting the ongoing security challenges in the digital finance space.
According to Lookonchain, a reputable on-chain analysis platform, these hackers have strategically used Tornado Cash, a privacy-focused Ethereum mixing service, to obscure the trail of their illicit funds.
Breakdown of the Transactions:
Penpiexyz Exploiter: This hacker alone moved 9,600 ETH, worth $23 million, into Tornado Cash. This substantial transaction has drawn attention to the vulnerability of platforms and the need for enhanced security measures.WazirX Exploiter: Another hacker associated with this breach transferred 7,200 ETH, valued at $17.3 million, into Tornado Cash. The origin of these funds remains under investigation, but the significant amount indicates a well-coordinated effort.Fenbushi Capital Incident: The third hacker, known for stealing $42 million from Bo Shen, the founder of Fenbushi Capital, deposited 1,000 ETH, approximately $2.4 million, into Tornado Cash. This move follows the high-profile attack on Fenbushi Capital, adding another layer to this already complex situation.
The use of Tornado Cash by these hackers highlights the ongoing struggle between privacy and security in the crypto space. While services like Tornado Cash offer privacy benefits to users, they also present challenges in tracking and recovering stolen assets. The community and authorities are closely monitoring these developments, as the hunt for these hackers continues.
This incident serves as a stark reminder of the risks associated with the crypto market and the importance of staying vigilant. As the crypto world evolves, so do the tactics of those looking to exploit it.
Get more updates at: https://coinsprobe.com/
#CryptoHacks #WazirXHack #TornadoCash
$ETH $WRX
Shocking News: WazirX Hack Linked to North Korea?
A recent report by Elliptic claims the massive $235 million crypto heist from WazirX may be the work of North Korean hackers. This raises serious concerns about cyber security in the crypto space.
While WazirX confirmed a security breach and is investigating, the potential involvement of a state-backed hacking group adds another layer of complexity.
Here are some key takeaways:
* Over $235 million in various cryptocurrencies were stolen.
* Elliptic believes the attack originated from North Korea.
* WazirX has paused withdrawals to ensure remaining assets are safe.
This incident highlights the importance of robust security measures for crypto exchanges. Users should also remain vigilant and practice good crypto hygiene.
What are your thoughts on this news? Share your insights in the comments!
#WazirXHack #NorthKoreaHackers #CryptoSecurity #BlockchainSecurity #CybersecurityAwareness
A recent report by Elliptic claims the massive $235 million crypto heist from WazirX may be the work of North Korean hackers. This raises serious concerns about cyber security in the crypto space.
While WazirX confirmed a security breach and is investigating, the potential involvement of a state-backed hacking group adds another layer of complexity.
Here are some key takeaways:
* Over $235 million in various cryptocurrencies were stolen.
* Elliptic believes the attack originated from North Korea.
* WazirX has paused withdrawals to ensure remaining assets are safe.
This incident highlights the importance of robust security measures for crypto exchanges. Users should also remain vigilant and practice good crypto hygiene.
What are your thoughts on this news? Share your insights in the comments!
#WazirXHack #NorthKoreaHackers #CryptoSecurity #BlockchainSecurity #CybersecurityAwareness
