Crypto asset thief!!! WazirX hacking incident reveals industry security risks. Is Binance's rescue wishful thinking?
WazirX was hacked and $235 million in cryptocurrencies were stolen, triggering a deep reflection on security in the industry. This incident not only caused heavy losses to the users of the exchange, but also broke the selling opportunity in the bull market. Currently, WazirX has suspended withdrawals and is working with the authorities to investigate the incident.
Binance's "rescue plan" has become a hot topic: on-chain data shows that $200 million in funds appear to have flowed into wallets controlled by WazirX, sparking speculation about the possibility of compensation. Some users even believe that Binance may compensate WazirX users in the form of equity or tokens. WazirX explained that it is currently rebalancing assets to ensure the safety of cold wallets and will publish all asset details after completion.
In addition, WazirX's parent company Zettai Pte has applied to the Singapore court to convene a creditors' meeting, hoping to help creditors recover funds through an arrangement plan and promote the restart of the platform. It is worth noting that when the attack occurred, the price of BTC fluctuated between $63,000 and $64,000, and now Bitcoin has broken through the $100,000 mark, bringing even heavier losses to the victimized users.
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