WazirX, one of India's leading cryptocurrency exchanges, was subjected to a $230 million attack today morning.
In WazirX's statement, it was said: "We have detected a security breach in our multi-signature wallets. Our team is actively investigating the incident."
The exchange has temporarily suspended fiat and cryptocurrency withdrawals to protect user funds.
According to the report of Blockchain analysis platform Lookonchain, more than $ 230 million worth of altcoins were released from WazirX. These assets include 5.43 trillion Shiba Inu (SHIB), 15,298 Ethereum (ETH), 20.5 million MATIC, 640.2 billion PEPE, 5.79 million USDT and 135 million GALA; There are reportedly more than 100 different entities in total.
According to Etherscan records, these assets began to be sold after the attack on WazirX, and this may have a negative impact on altcoin prices.
WazirX, one of the major players in the Indian market, has seen significant growth following the Indian government's access restrictions on Binance and other foreign exchanges at the end of last year. After the restrictions, the exchange's trading volume more than tripled.
WazirX has also come to the fore with its disputes with Binance in the past. Binance announced that it acquired WazirX in 2019, but the then-CEO of the exchange, Changpeng Zhao, stated in his statement in 2022 that this agreement had not yet been completed.
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