WazirX, a major Indian cryptocurrency exchange, has suffered a significant hack. The exchange confirmed a security breach after hackers stole over $234 million worth of cryptocurrencies.
Image Source: CoinRocco.com
The stolen funds were transferred to a new wallet address in a series of suspicious transactions. Each transactionโs caller is funded by Tornado Cash.
The wallet "0x04b2" has already sold $7.6 million worth of PEPE and exchanged GALA and USDT for $ETH .
The stolen cryptocurrencies included a variety of digital assets, with Shiba Inu being the most substantial loss with over $100 million taken out. This was followed by $52 million in Ether (ETH), $11 million in Matic (MATIC), and $6 million in Pepe (PEPE).
The hacker has already started dumping these assets. WazirX has temporarily suspended withdrawals to prevent further losses while they investigate the incident.
This hack comes at a challenging time for the Indian crypto industry, which is facing increased regulatory scrutiny and declining trading volumes.
๐๐Visit COINROCCO for the latest trends, charts, and news! Stay informed and ride the crypto wave! ๐๐ฐ #coinrocco #wazirX #MtGoxJulyRepayments #Bitcoinโ #EthereumETFApprovalExpectations