🔥🔥🔥 $FLOKI Keeps Open Communication With Community Amid WazirX Exploit, $4.7M FLOKI Taken
WazirX Exchange Hacked; FLOKI Tokens Sold Off, Market Remains Stable
WazirX, a leading Indian cryptocurrency exchange, suffered a significant breach resulting in over $230 million in stolen assets. Among the stolen assets, $4.7 million was in FLOKI tokens. Despite the hack, the market for FLOKI tokens remains stable.
Incident Overview
- Hack Details: WazirX was exploited for $230 million, with $4.7 million in FLOKI tokens.
- Market Reaction: The market absorbed the sell-off of FLOKI tokens, demonstrating strong liquidity & resilience. There is no further impact expected on the FLOKI token’s market value from this incident.
- Immediate Actions: WazirX paused withdrawals to prevent further losses & is investigating the breach to understand its cause & mitigate impacts.
FLOKI Team's Response
- Collaboration: The FLOKI team is working with WazirX to assess the situation & minimize the impact on FLOKI holders.
This cooperation aims to reassure affected investors & support WazirX in resolving the issue.
- Community Support: The response from the FLOKI community has been positive, highlighting the token's resilience.
Market Stability
- Impact: The market's ability to absorb the FLOKI sell-off without significant disruption underscores the token’s robustness. Investors can take comfort knowing the immediate threat from the hacker has been neutralized.
- Communication: WazirX & FLOKI are committed to keeping the community informed about new developments. WazirX is working diligently to resolve the situation & support affected users.
Future Outlook
- Security Measures: WazirX aims to emerge stronger from this incident with improved security measures & renewed trust from its users.
- WRX Token: Despite the hack, WRX is trading at $0.14, though it has decreased by 13% in the last 24 hours.
The incident underscores the need for robust security on cryptocurrency exchanges, but prompt actions and strong community support offer a positive outlook.
