šŸ’„WazirX was hacked, and $230 million worth of crypto assets evaporated overnight! šŸšØšŸ”’

Hello everyone! I believe you have heard about the recent hacker attack on the Indian exchange, which suffered huge losses. Let's briefly sort out the key points of the WazirX incident~

On July 18, the Indian cryptocurrency exchange WazirX recently encountered a big trouble. Hackers quickly exchanged the stolen cryptocurrency worth $230 million for ETH. This operation simply made those who know the business call it an expert! šŸ˜±

šŸ‘€As for why ETH was chosen, industry leaders have also expressed their views on this incident!

šŸ¤” Iakov Levin, co-founder of Rivo, believes that hackers did this because ETH has high liquidity and is not as easy to be blocked as other ERC-20 tokens. In other words, they want to transfer those tricky assets and exchange them for ETH, which is highly liquid and difficult to penetrate, which makes tracking more difficult.

šŸ” At the same time, Akhsay Nassa, co-founder of Chimp DEX, also expressed a similar view. He believed that the attacker did this to evade the impact of the frozen funds by the authorities. Not only because the market of ETH is huge and transfer transactions can be completed quickly, but also the existence of cross-chain bridges and exchanges makes it difficult to trace the transfer of funds!

šŸ¶ According to reports, in addition to ETH, the stolen assets also include SHIB, MATIC, PEPE and other 200 different crypto assets, with a total value of up to 230 million US dollars. Most of these stolen assets have been exchanged for ETH by hackers, and only a small part of them have been exchanged for other altcoins.

šŸ”® Who is behind this? In response to this incident, cryptocurrency detective ZachXBT and blockchain analysis company Elliptic both speculated that it may be related to North Korea's Lazarus organization after investigation.

šŸ›‘ At present, WazirX has suspended all withdrawals and promised to do its best to recover the stolen funds.

šŸ’¬ What do you think about the WazirX hack? Do you think ETH can really be a "talisman" for hackers? How can the security of cryptocurrencies be effectively guaranteed? Welcome to share your views in the comments section!

šŸ‘‡ #WazirX #é»‘å®¢ę”»å‡» #加åÆ†č“§åøå®‰å…Ø #äŗ¤ę˜“ę‰€č¢«ē›—