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Wazirx Update $230m Cyberattack
WazirX Cyberattack: Bengal Man Arrested in Rs 2,000 Crore Crypto Heist
A jaw-dropping cyberattack on WazirX in July shook India’s crypto community, resulting in a massive loss of Rs 2,000 crore worth of digital assets. Here’s everything you need to know, broken down into easy points:
The Cyber Heist – What Happened?
1. Massive Breach: WazirX suffered a massive security breach on July 18, losing almost 45% of its holding assets.
2. Hot Wallet Drained: #hackers targeted WazirX’s hot wallet, which stores online funds, and even attempted to breach its cold wallet (offline funds with extra security).
3. Multi-Signature Wallet Compromise: The heist involved a multi-signature wallet with six signatories—five from #wazirX and one from Liminal Custody, their wallet security provider.
Breakthrough Arrest – Who’s Behind It?
Prime Accused Arrested: Delhi Police arrested SK Masud Alam, a resident of West Bengal, from East Midnapore.
Fake Account Setup: Alam allegedly created a fake WazirX account under the name Souvik Mondal and sold it on #Telegram . The account was later used by another individual, M Hasan, to execute the hack.
Liminal Custody’s Role Under Scrutiny
Alleged Non-Cooperation: Liminal Custody, the firm responsible for securing WazirX’s wallets, is accused of not cooperating with the investigation.
Liminal Responds: The company denied these claims, stating it has been fully cooperating with authorities and committed to transparency.
WazirX has shared authorities with KYC details and transaction logs.
Authorized Devices Seized: Investigators have seized three laptops used by WazirX’s authorized signatories for wallet transactions.
Why It Matters for Crypto Traders
1. WazirX Users Impacted: The breach highlights the importance of strong wallet security for traders.
2. Spotlight on Custody Providers: The incident raises questions about the role of third-party custody solutions like Liminal.
3. Regulatory Push Needed: The case shows a growing need for stricter compliance and secure multi-sig wallet practices in India’s crypto space.
What’s Next?
The investigation continues as authorities dig deeper into the misuse of multi-sign wallets and the hacking methods used.
A supplementary chargesheet will address Liminal Custody's alleged lapses further.
About WazirX
Launched in 2018, WazirX is one of India’s leading crypto exchanges, allowing users to trade #Cryptocurrencies like Bitcoin and Ethereum. The platform also integrates with Binance and offers staking, peer-to-peer trading, and its native token (WRX).
Key Takeaway for Crypto Traders
This incident is a wake-up call! Ensure the security of your funds, always use reliable wallets, and stay updated on exchange safety practices.
For more updates on WazirX and crypto safety tips, stay tuned!
Disclaimer: This is just for the educational purpose not a Financial advice, please DYOR before investing anywhere. (Particularly in Local Exchanges).
$WRX
A jaw-dropping cyberattack on WazirX in July shook India’s crypto community, resulting in a massive loss of Rs 2,000 crore worth of digital assets. Here’s everything you need to know, broken down into easy points:
The Cyber Heist – What Happened?
1. Massive Breach: WazirX suffered a massive security breach on July 18, losing almost 45% of its holding assets.
2. Hot Wallet Drained: #hackers targeted WazirX’s hot wallet, which stores online funds, and even attempted to breach its cold wallet (offline funds with extra security).
3. Multi-Signature Wallet Compromise: The heist involved a multi-signature wallet with six signatories—five from #wazirX and one from Liminal Custody, their wallet security provider.
Breakthrough Arrest – Who’s Behind It?
Prime Accused Arrested: Delhi Police arrested SK Masud Alam, a resident of West Bengal, from East Midnapore.
Fake Account Setup: Alam allegedly created a fake WazirX account under the name Souvik Mondal and sold it on #Telegram . The account was later used by another individual, M Hasan, to execute the hack.
Liminal Custody’s Role Under Scrutiny
Alleged Non-Cooperation: Liminal Custody, the firm responsible for securing WazirX’s wallets, is accused of not cooperating with the investigation.
Liminal Responds: The company denied these claims, stating it has been fully cooperating with authorities and committed to transparency.
WazirX has shared authorities with KYC details and transaction logs.
Authorized Devices Seized: Investigators have seized three laptops used by WazirX’s authorized signatories for wallet transactions.
Why It Matters for Crypto Traders
1. WazirX Users Impacted: The breach highlights the importance of strong wallet security for traders.
2. Spotlight on Custody Providers: The incident raises questions about the role of third-party custody solutions like Liminal.
3. Regulatory Push Needed: The case shows a growing need for stricter compliance and secure multi-sig wallet practices in India’s crypto space.
What’s Next?
The investigation continues as authorities dig deeper into the misuse of multi-sign wallets and the hacking methods used.
A supplementary chargesheet will address Liminal Custody's alleged lapses further.
About WazirX
Launched in 2018, WazirX is one of India’s leading crypto exchanges, allowing users to trade #Cryptocurrencies like Bitcoin and Ethereum. The platform also integrates with Binance and offers staking, peer-to-peer trading, and its native token (WRX).
Key Takeaway for Crypto Traders
This incident is a wake-up call! Ensure the security of your funds, always use reliable wallets, and stay updated on exchange safety practices.
For more updates on WazirX and crypto safety tips, stay tuned!
Disclaimer: This is just for the educational purpose not a Financial advice, please DYOR before investing anywhere. (Particularly in Local Exchanges).
$WRX
Binance has invited Zanmai Labs, the entity operating Indian crypto exchange WazirX, to work out arrangements to withdraw any remaining assets held in Binance wallets, according to a blog post on Friday.
#crypto2023 #bearorbull #Binance #wazirX #cryptoonindia
#crypto2023 #bearorbull #Binance #wazirX #cryptoonindia
Indian cryptocurrency exchange WazirX has shut down its NFT marketplace. The website states that the “marketplace has been sunseted.” However, users can still trade their NFTs on OpenSea, according to the website.
#wazirX #nftmarket #closed #BTC #cryptoonindia
#wazirX #nftmarket #closed #BTC #cryptoonindia
WazirX Plans Poll to Decide on Resuming Withdrawals and Trading
Indian crypto exchange WazirX is planning to set up a poll to let customers vote on whether to reopen the platform for withdrawals, deposits, and trading. Co-founder Nischal Shetty mentioned that they are exploring various options to aid in the recovery.
Additionally, WazirX is reaching out to projects related to the stolen tokens to get their support in recovering the funds.
Wazirx Updates on Security Breach and User Poll for Platform Reopening
Wazirx, a major Indian cryptocurrency exchange, recently addressed the significant security breach that resulted in the theft of over $230 million from its platform. Co-founder Nischal Shetty shared an update on social media, revealing that the company is exploring several options to aid in the recovery process. Despite the ongoing efforts, Shetty acknowledged that users are eager for the platform to resume normal operations, including withdrawals, deposits, and trading.
To gauge user preferences on how to proceed, Wazirx will conduct a poll, allowing customers to participate in deciding the best approach for reopening the platform. Shetty emphasized that while INR funds remain unaffected by the breach, the attack occurred through their custody provider, Liminal. Liminal has assured that all Wazirx wallets on its platform are secure and that the malicious transactions happened outside of its system.
Wazirx Updates on Recovery Efforts and Bounty Program
In a recent update on X, Wazirx detailed its ongoing efforts to address the major security breach that led to the theft of over $230 million. The exchange is actively reaching out to projects associated with the stolen tokens to seek their assistance in the recovery process. At the same time, Wazirx is working on enabling withdrawals and determining the best way to resume deposits and trading on the platform.
Additionally, Wazirx has launched a $23 million bounty program aimed at recovering the stolen assets. The exchange reported a strong response to the program, with 195 entries submitted so far.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#wazirX
Additionally, WazirX is reaching out to projects related to the stolen tokens to get their support in recovering the funds.
Wazirx Updates on Security Breach and User Poll for Platform Reopening
Wazirx, a major Indian cryptocurrency exchange, recently addressed the significant security breach that resulted in the theft of over $230 million from its platform. Co-founder Nischal Shetty shared an update on social media, revealing that the company is exploring several options to aid in the recovery process. Despite the ongoing efforts, Shetty acknowledged that users are eager for the platform to resume normal operations, including withdrawals, deposits, and trading.
To gauge user preferences on how to proceed, Wazirx will conduct a poll, allowing customers to participate in deciding the best approach for reopening the platform. Shetty emphasized that while INR funds remain unaffected by the breach, the attack occurred through their custody provider, Liminal. Liminal has assured that all Wazirx wallets on its platform are secure and that the malicious transactions happened outside of its system.
Wazirx Updates on Recovery Efforts and Bounty Program
In a recent update on X, Wazirx detailed its ongoing efforts to address the major security breach that led to the theft of over $230 million. The exchange is actively reaching out to projects associated with the stolen tokens to seek their assistance in the recovery process. At the same time, Wazirx is working on enabling withdrawals and determining the best way to resume deposits and trading on the platform.
Additionally, Wazirx has launched a $23 million bounty program aimed at recovering the stolen assets. The exchange reported a strong response to the program, with 195 entries submitted so far.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#wazirX
WazirX has outlined the process for INR withdrawals. Here's what to expect:
Users can withdraw 66% of their INR balance in two stages:
1. **Stage 1 (August 26th - September 8th):** Users can withdraw 50% of the allowed 66%.
2. **Stage 2 (September 9th - September 22nd):** Users can withdraw the remaining amount.
**Example:**
If you have ₹10,000 on WazirX, you can withdraw ₹3,300 by September 8th and another ₹3,300 between September 9th and September 22nd.
#wazirX #WazirXHack #bitcoin
Users can withdraw 66% of their INR balance in two stages:
1. **Stage 1 (August 26th - September 8th):** Users can withdraw 50% of the allowed 66%.
2. **Stage 2 (September 9th - September 22nd):** Users can withdraw the remaining amount.
**Example:**
If you have ₹10,000 on WazirX, you can withdraw ₹3,300 by September 8th and another ₹3,300 between September 9th and September 22nd.
#wazirX #WazirXHack #bitcoin
WazirX Exchange Offers Bounty to Recover $235M Stolen in Massive Cyberattack
WazirX Exchange Offers Bounty to Recover $235M Stolen
— In response to a recent cyberattack, WazirX, one of India’s top cryptocurrency exchanges, launched a bounty program to recover stolen assets. Following the breach, WazirX filed a police complaint. The company reported the incident to the Financial Intelligence Unit (FIU) and CERT-In.
Image Title: “WazirX Cyberattack Response Update. Source: WazirXonx
WazirX’s co-founder, Nischal Shetty, shared that the exchange is reaching out to over 500 other exchanges to block the identified addresses associated with the stolen funds. Furthermore, cooperation from these exchanges is crucial as the stolen assets move through various platforms.
WazirX Next Steps After Cyberattack. Source: Nischal Shetty WazirX Launches Bounty Program to Recover Stolen Assets
The company introduced a bounty program to incentivize individuals and entities to help freeze or recover the stolen assets. Shetty stated,
“The WazirX team is working tirelessly to trace the stolen funds and bring those responsible to justice.”
The exchange is in discussions with expert groups specializing in tracking cryptocurrency transactions. Moreover, these experts will provide continuous monitoring and support throughout the recovery process. Additionally, WazirX expressed gratitude for the support from the broader Web3 ecosystem and emphasized the need for a collective effort to resolve the issue.
Efforts Underway to Recover $235M Stolen in Cyberattack
WazirX is collaborating with forensic experts and law enforcement agencies to identify and apprehend the perpetrators. This collaboration aims to ensure that the culprits are brought to justice and that as much of the stolen assets are recovered as possible. The breach resulted in a significant loss of approximately $235 million, making it the second-largest hack of a centralized exchange in recent times.
Suspicious Transactions Alert on WazirX. Source: Cyvers Alerts
Crypto investigator ZachXBT revealed on Telegram that the alleged main attacker’s wallet still holds over $104 million in funds. These funds have yet to be offloaded. This information is crucial for tracking and recovering the stolen assets.
WazirX Hack Details and Stolen Funds. Source: Investigations by ZachXBT on DeBank
The comany is currently analyzing data to understand the extent of the damage caused by the cyberattack. This analysis is critical for formulating an effective recovery plan and addressing the impact on customer funds.
The post WazirX Exchange Offers Bounty to Recover $235M Stolen in Massive Cyberattack appeared first on CoinChapter.
#wazirX #HackerAlert $SOL $WRX
— In response to a recent cyberattack, WazirX, one of India’s top cryptocurrency exchanges, launched a bounty program to recover stolen assets. Following the breach, WazirX filed a police complaint. The company reported the incident to the Financial Intelligence Unit (FIU) and CERT-In.
Image Title: “WazirX Cyberattack Response Update. Source: WazirXonx
WazirX’s co-founder, Nischal Shetty, shared that the exchange is reaching out to over 500 other exchanges to block the identified addresses associated with the stolen funds. Furthermore, cooperation from these exchanges is crucial as the stolen assets move through various platforms.
WazirX Next Steps After Cyberattack. Source: Nischal Shetty WazirX Launches Bounty Program to Recover Stolen Assets
The company introduced a bounty program to incentivize individuals and entities to help freeze or recover the stolen assets. Shetty stated,
“The WazirX team is working tirelessly to trace the stolen funds and bring those responsible to justice.”
The exchange is in discussions with expert groups specializing in tracking cryptocurrency transactions. Moreover, these experts will provide continuous monitoring and support throughout the recovery process. Additionally, WazirX expressed gratitude for the support from the broader Web3 ecosystem and emphasized the need for a collective effort to resolve the issue.
Efforts Underway to Recover $235M Stolen in Cyberattack
WazirX is collaborating with forensic experts and law enforcement agencies to identify and apprehend the perpetrators. This collaboration aims to ensure that the culprits are brought to justice and that as much of the stolen assets are recovered as possible. The breach resulted in a significant loss of approximately $235 million, making it the second-largest hack of a centralized exchange in recent times.
Suspicious Transactions Alert on WazirX. Source: Cyvers Alerts
Crypto investigator ZachXBT revealed on Telegram that the alleged main attacker’s wallet still holds over $104 million in funds. These funds have yet to be offloaded. This information is crucial for tracking and recovering the stolen assets.
WazirX Hack Details and Stolen Funds. Source: Investigations by ZachXBT on DeBank
The comany is currently analyzing data to understand the extent of the damage caused by the cyberattack. This analysis is critical for formulating an effective recovery plan and addressing the impact on customer funds.
The post WazirX Exchange Offers Bounty to Recover $235M Stolen in Massive Cyberattack appeared first on CoinChapter.
#wazirX #HackerAlert $SOL $WRX
WazirX has announced that one of their multisig wallets has been compromised. To ensure the safety of assets, INR and crypto withdrawals will be temporarily paused while the team investigates and works on a solution.
#wazirX #ETH_ETF_Approval_23July #BinanceTournament #SOFR_Spike
#wazirX #ETH_ETF_Approval_23July #BinanceTournament #SOFR_Spike
🚨 Major Security Breach: WazirX Hack Details 🚨
Key Points:
- 🔒 Indian Exchange Hacked:WazirX reportedly compromised.
- 🔍 Cyvers Findings: Multiple suspicious transactions detected.
- 💰 Total Loss:Approximately $234.9 million in crypto stolen.
Details of Stolen Assets:
- 🐕 5.43T SHIB:Worth $102M
- 💎 15,298 ETH: Worth $52.5M
- 🔗 20.5M MATIC: Worth $11.24M
- 🪙 640.27B PEPE: Worth $7.6M
- 💵 5.79M USDT: Worth $5.79M
- 🎮 135M GALA: Worth $3.5M
🔗 Actions: Swapped PEPE, GALE, and USDT to ETH.
Stay updated for more information.
#pepe⚡ #wazirX #WazirXHacked
Key Points:
- 🔒 Indian Exchange Hacked:WazirX reportedly compromised.
- 🔍 Cyvers Findings: Multiple suspicious transactions detected.
- 💰 Total Loss:Approximately $234.9 million in crypto stolen.
Details of Stolen Assets:
- 🐕 5.43T SHIB:Worth $102M
- 💎 15,298 ETH: Worth $52.5M
- 🔗 20.5M MATIC: Worth $11.24M
- 🪙 640.27B PEPE: Worth $7.6M
- 💵 5.79M USDT: Worth $5.79M
- 🎮 135M GALA: Worth $3.5M
🔗 Actions: Swapped PEPE, GALE, and USDT to ETH.
Stay updated for more information.
#pepe⚡ #wazirX #WazirXHacked
wazirx#wazirX got hacked and officials says servers are compromised , but what about the loss
are they going to compensate the traders?
answers yet to be posted.
are they going to compensate the traders?
answers yet to be posted.
WazirX to Phase In Indian Rupee Withdrawals Starting Aug. 26
Indian crypto exchange WazirX has announced that it will re-enable rupee withdrawals on the platform. However, the rupee withdrawal services will be reintroduced in a phased manner with users getting access to withdraw 66% of their INR balances on the exchange over the next month.
Specifically, the exchange said its customers could withdraw half the limit (33%) from Aug. 26 to Sept. 8 and the remainder (33%) from Sept. 9 to Sept. 22.
The company stated that it had to continue keeping the remaining 34% of their INR balances frozen due to investigations by law enforcement agencies. The timeline for the release of those frozen balances is unclear.
#wazirX #cryptoindia #MtGoxRepayments #PowellAtJacksonHole #CryptoMarketMoves
Indian crypto exchange WazirX has announced that it will re-enable rupee withdrawals on the platform. However, the rupee withdrawal services will be reintroduced in a phased manner with users getting access to withdraw 66% of their INR balances on the exchange over the next month.
Specifically, the exchange said its customers could withdraw half the limit (33%) from Aug. 26 to Sept. 8 and the remainder (33%) from Sept. 9 to Sept. 22.
The company stated that it had to continue keeping the remaining 34% of their INR balances frozen due to investigations by law enforcement agencies. The timeline for the release of those frozen balances is unclear.
#wazirX #cryptoindia #MtGoxRepayments #PowellAtJacksonHole #CryptoMarketMoves
The live price of WazirX is $ 0.195604 per (WRX / USD) with a current market cap of $ 74.69M USD. 24-hour trading volume is $ 39.99M USD. WRX to USD price is updated in real-time. WazirX is +35.58% in the last 24 hours with a circulating supply of 381.86M. #wazirX #topaltcoins
You missed $2000 in a single trade in a single day from my signal
check my last post and the result below the post
it got boosted ,20% plus
if you've $10000 in your wallet, then it's a gain of $2000
This is what the smart trading
stay tuned for more signals
and stay in touch with$WRX #wazirX until the issue of ban got settled
you'll get a chance of either shorting or longing
Have a great year ahead enjoy
check my last post and the result below the post
it got boosted ,20% plus
if you've $10000 in your wallet, then it's a gain of $2000
This is what the smart trading
stay tuned for more signals
and stay in touch with$WRX #wazirX until the issue of ban got settled
you'll get a chance of either shorting or longing
Have a great year ahead enjoy
🚨🚨WazirX to restore balances of accounts, undo all trades affected by hack
WazirX will notify users via email about the impacted trades and account reversals over the next few days.
Liam 'Akiba' Wright
Aug. 8, 2024 at 12:35 pm UTC
X
Telegram
LinkedIn
Email
WazirX to restore balances of accounts, undo all trades affected by hack
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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WazirX has announced the restoration of user balances and the reversal of trades conducted between July 18 and July 21. This decision follows a $230 million attack that disrupted platform operations on July 18, leading to the suspension of withdrawals. Per WazirX, this measure is intended to ensure equitable treatment for all users affected by the incident.
After feedback from numerous users, WazirX has decided to restore all account balances to their state as of July 18, at 1 P.M. IST. The restoration process will unfold over the next few days, and affected users will receive email notifications detailing the impacted trades. This decision aims to protect the platform’s integrity and provide a fair outcome for users following the abnormality caused by the cyberattack.
All trades executed within the period will be rendered ineffective, and any associated fees and referrals will be reversed. Users who deposited fiat or crypto during this period will have their transactions addressed in a future update. During restoration, trading and withdrawals on the platform will remain halted.
Tax implications, such as Tax Deducted at Source (TDS) associated with the affected trades, will be credited back to the users. The restoration will affect INR and crypto balances to the extent that trades involving these currencies were executed after the specified time.
#wazirX #MarketDownturn #TONonBinance #XRPVictory
WazirX will notify users via email about the impacted trades and account reversals over the next few days.
Liam 'Akiba' Wright
Aug. 8, 2024 at 12:35 pm UTC
X
Telegram
WazirX to restore balances of accounts, undo all trades affected by hack
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Ad
WazirX has announced the restoration of user balances and the reversal of trades conducted between July 18 and July 21. This decision follows a $230 million attack that disrupted platform operations on July 18, leading to the suspension of withdrawals. Per WazirX, this measure is intended to ensure equitable treatment for all users affected by the incident.
After feedback from numerous users, WazirX has decided to restore all account balances to their state as of July 18, at 1 P.M. IST. The restoration process will unfold over the next few days, and affected users will receive email notifications detailing the impacted trades. This decision aims to protect the platform’s integrity and provide a fair outcome for users following the abnormality caused by the cyberattack.
All trades executed within the period will be rendered ineffective, and any associated fees and referrals will be reversed. Users who deposited fiat or crypto during this period will have their transactions addressed in a future update. During restoration, trading and withdrawals on the platform will remain halted.
Tax implications, such as Tax Deducted at Source (TDS) associated with the affected trades, will be credited back to the users. The restoration will affect INR and crypto balances to the extent that trades involving these currencies were executed after the specified time.
#wazirX #MarketDownturn #TONonBinance #XRPVictory
🚀 Trade Ideas from altFINS:
Bullish Moves:
Trade Setup: #Ethereum $ETH Approaching Support
AI Chart Pattern: #wazirX $WRX : Channel Down, Profit Potential: +21%
Signals Summary: Early Momentum (MACD Histogram) Inflection for 229 #altcoins
Market Highlights: Early Bullish Momentum Inflection: $BTC $ETH $BNB
#cryptotradingpro #bitcoin☀️ #altcoinscrash
Bullish Moves:
Trade Setup: #Ethereum $ETH Approaching Support
AI Chart Pattern: #wazirX $WRX : Channel Down, Profit Potential: +21%
Signals Summary: Early Momentum (MACD Histogram) Inflection for 229 #altcoins
Market Highlights: Early Bullish Momentum Inflection: $BTC $ETH $BNB
#cryptotradingpro #bitcoin☀️ #altcoinscrash
Here are the top 3 crypto news stories today:
Bitcoin Price Breaks $65K. Bitcoin has gained strength and is currently trading above $65,000. This positive development follows the fading of concerns over Mt. Gox BTC payouts. There is optimism among analysts who believe that Bitcoin could reach new highs this week, especially if current trends hold.
SEC Approves Multiple Ethereum ETF Launches. According to reports, the SEC has granted preliminary approval to at least three (3) issuers of an Ethereum ETF. The crypto industry is facing a turning point since these developments may encourage institutional investors to put money in Ethereum.
Indian Crypto Exchange WazirX Hacked for $235 Million. A hack on Indian cryptocurrency exchange WazirX led to losses amounting to $235 million in SHIB, Ether, and Bitcoin amongst other cryptocurrencies. This event underscores the need for enhanced safety measures by crypto exchanges and their clients alike.
#bitcoin #wazirX #MtGox钱包动态
Bitcoin Price Breaks $65K. Bitcoin has gained strength and is currently trading above $65,000. This positive development follows the fading of concerns over Mt. Gox BTC payouts. There is optimism among analysts who believe that Bitcoin could reach new highs this week, especially if current trends hold.
SEC Approves Multiple Ethereum ETF Launches. According to reports, the SEC has granted preliminary approval to at least three (3) issuers of an Ethereum ETF. The crypto industry is facing a turning point since these developments may encourage institutional investors to put money in Ethereum.
Indian Crypto Exchange WazirX Hacked for $235 Million. A hack on Indian cryptocurrency exchange WazirX led to losses amounting to $235 million in SHIB, Ether, and Bitcoin amongst other cryptocurrencies. This event underscores the need for enhanced safety measures by crypto exchanges and their clients alike.
#bitcoin #wazirX #MtGox钱包动态
A massive $230 million hack has struck #wazirX - India's largest #cryptocurrency exchange. The breach affected assets like Shiba Inu $SHIB and $PEPE
The compromised funds were moved to a new address and swapped for #Ethereum by entities using Tornado Cash. The stolen assets include 5.43 trillion SHIB ($102M), 15,298 ETH ($52.5M), 20.5M MATIC ($11.24M), and 640.27B PEPE ($7.6M).
#HackerAlert #TrendingTopic
The compromised funds were moved to a new address and swapped for #Ethereum by entities using Tornado Cash. The stolen assets include 5.43 trillion SHIB ($102M), 15,298 ETH ($52.5M), 20.5M MATIC ($11.24M), and 640.27B PEPE ($7.6M).
#HackerAlert #TrendingTopic
#PeckShieldAlert
The #wazirX exploiter-labeled address has moved the 10th batch of 5K $ETH (worth ~$12M) to a new intermediary address 0xdBdE…8C56 & has already laundered 4.9K $ETH via #TornadoCash The #WazirX exploiter-labeled addresses have laundered a total of 52.5K $ETH (worth ~$139m) via #Tornadocash so far
The #wazirX exploiter-labeled address has moved the 10th batch of 5K $ETH (worth ~$12M) to a new intermediary address 0xdBdE…8C56 & has already laundered 4.9K $ETH via #TornadoCash The #WazirX exploiter-labeled addresses have laundered a total of 52.5K $ETH (worth ~$139m) via #Tornadocash so far
Indian Exchange Wazirx Hacked 🚨🚨🚨
- $234 Million Drained From Indian Exchange WazirX: WazirX, an Indian cryptocurrency exchange, has been hacked, resulting in a loss of $234 million. The exchange has suspended withdrawals.
- Stablecoins and Illicit Transactions: A recent report by Chainalysis found that stablecoins make up the majority of illicit transaction volumes.
- Robinhood “Refer-A-Friend” Settlement: A judge has approved a $9 million settlement deal between Robinhood and a group of plaintiffs in a class-action lawsuit related to the company's "refer-a-friend" program.
- Ethereum Enterprise Alliance Releases Standard for DeFi Protocols: The Ethereum Enterprise Alliance has released the first standard for DeFi protocols, which aims to provide a framework for the development of decentralized finance protocols.
- OKX Chooses Malta as MiCA Hub: OKX, a cryptocurrency exchange, has chosen Malta as its MiCA (Markets in Crypto-Assets) hub, which will serve as the company's base for compliance with EU regulations.
- Judge Reduces Sentencing for Ethereum Developer Virgil Griffith: A judge has reduced the sentencing for Ethereum developer Virgil Griffith by seven months.
- Bankrupt Crypto Lender BlockFi to Initiate Temporary Distribution via Coinbase: BlockFi, a bankrupt cryptocurrency lender, is set to initiate a temporary distribution of assets via Coinbase.
- South Korean Prosecutors Request Crypto Market Maker Arrest Warrant: South Korean prosecutors have requested an arrest warrant for a cryptocurrency market maker in connection with an altcoin fraud case.
- Nigerian Police Arrests Crypto Influencer BLord: Nigerian police have arrested a cryptocurrency influencer, BLord, for alleged crypto fraud and offenses.
- Greek Government to Impose Crypto Taxes Starting 2025: The Greek government has announced plans to impose taxes on cryptocurrency profits starting in 2025.
#wazirX
#Write2Earn!
#dumpNpump
- Stablecoins and Illicit Transactions: A recent report by Chainalysis found that stablecoins make up the majority of illicit transaction volumes.
- Robinhood “Refer-A-Friend” Settlement: A judge has approved a $9 million settlement deal between Robinhood and a group of plaintiffs in a class-action lawsuit related to the company's "refer-a-friend" program.
- Ethereum Enterprise Alliance Releases Standard for DeFi Protocols: The Ethereum Enterprise Alliance has released the first standard for DeFi protocols, which aims to provide a framework for the development of decentralized finance protocols.
- OKX Chooses Malta as MiCA Hub: OKX, a cryptocurrency exchange, has chosen Malta as its MiCA (Markets in Crypto-Assets) hub, which will serve as the company's base for compliance with EU regulations.
- Judge Reduces Sentencing for Ethereum Developer Virgil Griffith: A judge has reduced the sentencing for Ethereum developer Virgil Griffith by seven months.
- Bankrupt Crypto Lender BlockFi to Initiate Temporary Distribution via Coinbase: BlockFi, a bankrupt cryptocurrency lender, is set to initiate a temporary distribution of assets via Coinbase.
- South Korean Prosecutors Request Crypto Market Maker Arrest Warrant: South Korean prosecutors have requested an arrest warrant for a cryptocurrency market maker in connection with an altcoin fraud case.
- Nigerian Police Arrests Crypto Influencer BLord: Nigerian police have arrested a cryptocurrency influencer, BLord, for alleged crypto fraud and offenses.
- Greek Government to Impose Crypto Taxes Starting 2025: The Greek government has announced plans to impose taxes on cryptocurrency profits starting in 2025.
#wazirX
#Write2Earn!
#dumpNpump