Indian crypto exchange WazirX suffered a major security breach, with hackers draining approximately $235 million worth of funds from its Safe Multisig wallet on Ethereum. The stolen assets include around $96.7 million in Shiba Inu, $52.6 million in Ether, $11 million in Matic, and $7.6 million in Pepe tokens.The hackers moved the funds to a new address, with each transaction's caller funded by Tornado Cash, a protocol for private transactions on Ethereum. WazirX has temporarily suspended INR and crypto withdrawals to ensure the safety of user assets.The hack has caused significant losses in the market values of WazirX's native token WRX, which slumped 15%, and Shiba Inu, which lost 6%. Cryptocurrencies on WazirX are also trading at a discount compared to other exchanges, with Bitcoin trading 11% lower and Tether 8% lower.On-chain analysis indicates that the hackers are affiliated with North Korea. Elliptic, a blockchain analytics firm, has added the address associated with the thief to its system to alert clients if they receive any of the stolen funds.
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