๐จ Big news in the crypto world! WazirX, one of India's top cryptocurrency exchanges, has temporarily halted all trading activities after a massive security breach. The hack resulted in a loss of around $230 million, nearly half of its reserves. ๐ฑ
The breach was traced back to compromised devices that manipulated transaction details, allowing the attacker to bypass security protocols. WazirX has suspended customer withdrawals and announced a bounty program to recover the stolen assets.
Despite robust security measures, this incident underscores the need for even more stringent protocols. The future of WazirX is uncertain, but the crypto community is optimistic about its recovery. ๐