WazirXHacked
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#WazirXHacked Update â ïž
#WazirX Exploiter -labeled address has transferred 5K $ETH (worth ~$12M) to a new address 0x2D29...a968, and subsequently started transferring the funds to #TornadoCash , a mixing service.
#WazirX Exploiter -labeled address has transferred 5K $ETH (worth ~$12M) to a new address 0x2D29...a968, and subsequently started transferring the funds to #TornadoCash , a mixing service.
Navigating the Uncharted Waters of WazirX's Restructuring Process
Hey there, crypto enthusiasts! Today, we're diving into a rather complex and uncertain situation surrounding one of India's leading exchanges â WazirX. If you've been keeping up with the news, you might have heard about their recent hack that led to the loss of $234 million, or roughly 45% of customers' funds. Oof, that's got to hurt!
But here's the thing: according to WazirX's legal advisers, it's extremely unlikely that customers will be made whole in crypto terms through the exchange's restructuring process. Now, I know what you're thinking â "What does 'made whole' even mean?" Well, let me break it down for ya.
Imagine you had a fancy new shiny coin (let's call it a Morpheus) worth $1000. And then, bam! WazirX gets hacked, and suddenly, your Morpheus is gone. You're left with nothing in return, except maybe some sad face emojis đ. Being "made whole" would mean getting back that $1000 value or the equivalent of what you lost in crypto terms.
But here's the silver lining: if the market improves (fingers crossed!), customers may retrieve more of their investments in dollar terms. It's like finding a long-lost coin up your couch cushion â it might not be the same one, but hey, it's something, right? đ
Now, let's talk about this restructuring process. WazirX is requesting six months' protection from the Singapore High Court while they figure out how to handle their liabilities. It's like taking a timeout in a game of Monopoly when you're not sure what your next move should be đ .
During this time, they hope to reduce the gap between what customers lost and what they can recover. The best-case scenario? A return of anywhere between 55% to 57% of the funds. But hey, it's better than nothing, right? đ
The exchange's co-founder Nischal Shetty is optimistic that with some time and effort, they can make things easier and clearer for customers. And let's not forget about those potential white knights (like a superhero saving the day) or third parties who might come to the rescue! đŠžââïž
So, what does this all mean? It's a bit of an uncertain journey ahead for WazirX and its customers. But with some time, patience, and a little luck, maybe we'll see things improve in the crypto market. And hey, who knows â maybe that white knight will show up just in time! đ
Stay tuned for more updates on this story, and remember to keep your Morpheus coins safe out there! đđ
#wazirX #WazirXHack #WazirxUpdate #WazirXHacked
But here's the thing: according to WazirX's legal advisers, it's extremely unlikely that customers will be made whole in crypto terms through the exchange's restructuring process. Now, I know what you're thinking â "What does 'made whole' even mean?" Well, let me break it down for ya.
Imagine you had a fancy new shiny coin (let's call it a Morpheus) worth $1000. And then, bam! WazirX gets hacked, and suddenly, your Morpheus is gone. You're left with nothing in return, except maybe some sad face emojis đ. Being "made whole" would mean getting back that $1000 value or the equivalent of what you lost in crypto terms.
But here's the silver lining: if the market improves (fingers crossed!), customers may retrieve more of their investments in dollar terms. It's like finding a long-lost coin up your couch cushion â it might not be the same one, but hey, it's something, right? đ
Now, let's talk about this restructuring process. WazirX is requesting six months' protection from the Singapore High Court while they figure out how to handle their liabilities. It's like taking a timeout in a game of Monopoly when you're not sure what your next move should be đ .
During this time, they hope to reduce the gap between what customers lost and what they can recover. The best-case scenario? A return of anywhere between 55% to 57% of the funds. But hey, it's better than nothing, right? đ
The exchange's co-founder Nischal Shetty is optimistic that with some time and effort, they can make things easier and clearer for customers. And let's not forget about those potential white knights (like a superhero saving the day) or third parties who might come to the rescue! đŠžââïž
So, what does this all mean? It's a bit of an uncertain journey ahead for WazirX and its customers. But with some time, patience, and a little luck, maybe we'll see things improve in the crypto market. And hey, who knows â maybe that white knight will show up just in time! đ
Stay tuned for more updates on this story, and remember to keep your Morpheus coins safe out there! đđ
#wazirX #WazirXHack #WazirxUpdate #WazirXHacked
đšToday whole crypto market is down all coins are facing bearish impact .... donât worry guys market will pump in 24 hours soon . #WazirXHacked i hope wazirX will recover soon.
On 23 July etf eth approval will see new bullish wave đ in crypto market soon . Take rest no worries âŁïž Also #BinanceHODLerBANANA đ„ł
WA 03020236738
On 23 July etf eth approval will see new bullish wave đ in crypto market soon . Take rest no worries âŁïž Also #BinanceHODLerBANANA đ„ł
WA 03020236738
WazirX Faces Security Breach as $235 Million in Funds Moved Suspiciously
Indian cryptocurrency exchange WazirX has experienced a security breach resulting in the suspicious transfer of nearly $235 million. The exchange acknowledged the breach on X (formerly Twitter) indicating that one of their multisig wallets was hacked. WazirX is investigating the issue and has suspended all crypto and rupee deposits and withdrawals.
WazirX did not specify the exact amount of cryptocurrency affected, but an earlier tweet from blockchain security firm Cyvers reported that $234.9 million had been moved to a new address. This address, funded by the coin mixer Tornado Cash, saw assets like PEPE, GALA, and USDT swapped to Ethereum (ETH), according to Cyvers.
Detailed Investigation Underway
The exchange felt it was important to notify the users that it was actively trying to fix the problem and improve security. This is massively concerning for WazirX as the large amounts and effects on the company's reputation are dire. The use of Tornado Cash, which maintains the transactions' anonymity, complicates the effort to highlight the stolen assets' trail.
This is not the first time a hack has been reported among cryptocurrency companies, indicating a concerning trend in the sector. Large-scale exchange hacks have become more rampant, which leaves a lot of doubt regarding the measures taken to ensure virtual currency security. The WazirX hack shows that even highly technical exchanges and companies might not have impregnable security and that constant vigilance is needed to avoid such attacks.
The decision made by the exchange to stop withdrawals is to prevent the users from losing more money in the future. However, this has caused some inconveniences and concerns to the users who use WazirX to trade in their investments. The exchange asked for calm and encouraged users to remain patient as they stabilized and investigated the matter.
The Bitcoin community has expressed a combination of fear and displeasure, and many customers are requesting greater transparency and responsibility from exchanges to safeguard their assets. This hack shows the industry's persistent issues in ensuring user security and trust.
Finally, the WazirX security breach involving roughly $235 million serves as a sobering reminder of the cryptocurrency sector's vulnerabilities. As the exchange tries to address the issue and prevent similar accidents, the rest of the industry must also pay attention and strengthen its security measures to protect digital assets. Both users and industry experts will closely monitor the findings of WazirX since they might have far-reaching ramifications for the future of cryptocurrency exchange security.
The post "WazirX Faces Security Breach as $235 Million in Funds Moved Suspiciously" first appeared on 36crypto.com News.
#WAZRIX #WazirXHacked #Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July
WazirX did not specify the exact amount of cryptocurrency affected, but an earlier tweet from blockchain security firm Cyvers reported that $234.9 million had been moved to a new address. This address, funded by the coin mixer Tornado Cash, saw assets like PEPE, GALA, and USDT swapped to Ethereum (ETH), according to Cyvers.
Detailed Investigation Underway
The exchange felt it was important to notify the users that it was actively trying to fix the problem and improve security. This is massively concerning for WazirX as the large amounts and effects on the company's reputation are dire. The use of Tornado Cash, which maintains the transactions' anonymity, complicates the effort to highlight the stolen assets' trail.
This is not the first time a hack has been reported among cryptocurrency companies, indicating a concerning trend in the sector. Large-scale exchange hacks have become more rampant, which leaves a lot of doubt regarding the measures taken to ensure virtual currency security. The WazirX hack shows that even highly technical exchanges and companies might not have impregnable security and that constant vigilance is needed to avoid such attacks.
The decision made by the exchange to stop withdrawals is to prevent the users from losing more money in the future. However, this has caused some inconveniences and concerns to the users who use WazirX to trade in their investments. The exchange asked for calm and encouraged users to remain patient as they stabilized and investigated the matter.
The Bitcoin community has expressed a combination of fear and displeasure, and many customers are requesting greater transparency and responsibility from exchanges to safeguard their assets. This hack shows the industry's persistent issues in ensuring user security and trust.
Finally, the WazirX security breach involving roughly $235 million serves as a sobering reminder of the cryptocurrency sector's vulnerabilities. As the exchange tries to address the issue and prevent similar accidents, the rest of the industry must also pay attention and strengthen its security measures to protect digital assets. Both users and industry experts will closely monitor the findings of WazirX since they might have far-reaching ramifications for the future of cryptocurrency exchange security.
The post "WazirX Faces Security Breach as $235 Million in Funds Moved Suspiciously" first appeared on 36crypto.com News.
#WAZRIX #WazirXHacked #Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July
WazirX Launches $23 Million Bounty Program to Recover Stolen Crypto Assets
WazirX has announced an ambitious $23 million bounty program to recover assets stolen during a recent cyberattack. This drive, envisioned by co-founder Nischal Shetty, aims to mobilize communities worldwide for monitoring, freezing, and, in the end, recovering stolen money.
Reportedly, the attack was rather specific, aimed at one of the WazirX multisig wallets, and caused the loss of $230 million. In response to this increased threat, WazirX has developed the bounty program into two segments optimized for asset recovery.
The first component, "Track & Freeze," provides bonuses of up to $10,000 worth of USDT for giving information to freeze the stolen funds. This incentive is precisely positioned to motivate those who have essential information to report to the authorities, enabling the responsible agencies to freeze the funds.
The second component, referred to as "White Hat Recovery," is particularly notable for providing a 10% reward of the recovered amount, up to a staggering $23 million, for ethical hackers and cybersecurity experts who play a pivotal role in the recovery process. Such a massive reward also underlines WazirX's sound commitment to the involvement of the white hat specialists in tackling the breach effectively and helping recover the stolen value.
Global Community Involvement and Strategic Measures
Nischal Shetty highlighted the global community's significant need for this elaborate restoration exercise, declaring on social network X that the bounty program is intended to elicit worldwide participation. Furthermore, the company that has contributed significantly to the security of WazirX has also highlighted that its platform was not breached during the attack, with Liminal pointing out that it was not hacked. They got hold of the transactions, and their forensic report indicates they came from infected computers within the firm.
Besides initiating the bounty program, WazirX has adopted several measures to meet the breach: The exchange has made a comprehensive police complaint through legal authorities and reported the matter to FIU and CERT-In of India. In addition, WazirX has taken the initiative of engaging over 500 exchanges to prevent the culprits behind the heist from selling or transferring the identified addresses linked to the stolen funds.
This bounty program covers all the forms of bounty in total, and it is planned to last for the first three months starting from the day the announcement is made. Still, WazirX may prolong or shorten this time as needed due to the circumstances and the program's efficiency. Besides recovering the stolen assets, WazirX wants to make a point for the whole crypto community and solicit the help of the community and ethical hackers while encouraging moral values.
Ultimately, WazirX's $23 million bounty program represents a significant and multifaceted approach to addressing and recovering from a major cyberattack. The widespread coverage of the initiative within the global audience, along with targeted cooperation with cybersecurity specialists, demonstrates the exchange's constant dedication to protecting its users and the rest of the cryptocurrency community from the threats thrown at them while simultaneously working to build the stability and security of the digital financial system.
The post "WazirX Launches $23 Million Bounty Program to Recover Stolen Crypto Assets" first appeared on 36crypto.com News.
#WazirXHacked #Biden_Out_BTC_Up #ETH_ETFs_Approval_Predictions #WazirXIndia
Reportedly, the attack was rather specific, aimed at one of the WazirX multisig wallets, and caused the loss of $230 million. In response to this increased threat, WazirX has developed the bounty program into two segments optimized for asset recovery.
The first component, "Track & Freeze," provides bonuses of up to $10,000 worth of USDT for giving information to freeze the stolen funds. This incentive is precisely positioned to motivate those who have essential information to report to the authorities, enabling the responsible agencies to freeze the funds.
The second component, referred to as "White Hat Recovery," is particularly notable for providing a 10% reward of the recovered amount, up to a staggering $23 million, for ethical hackers and cybersecurity experts who play a pivotal role in the recovery process. Such a massive reward also underlines WazirX's sound commitment to the involvement of the white hat specialists in tackling the breach effectively and helping recover the stolen value.
Global Community Involvement and Strategic Measures
Nischal Shetty highlighted the global community's significant need for this elaborate restoration exercise, declaring on social network X that the bounty program is intended to elicit worldwide participation. Furthermore, the company that has contributed significantly to the security of WazirX has also highlighted that its platform was not breached during the attack, with Liminal pointing out that it was not hacked. They got hold of the transactions, and their forensic report indicates they came from infected computers within the firm.
Besides initiating the bounty program, WazirX has adopted several measures to meet the breach: The exchange has made a comprehensive police complaint through legal authorities and reported the matter to FIU and CERT-In of India. In addition, WazirX has taken the initiative of engaging over 500 exchanges to prevent the culprits behind the heist from selling or transferring the identified addresses linked to the stolen funds.
This bounty program covers all the forms of bounty in total, and it is planned to last for the first three months starting from the day the announcement is made. Still, WazirX may prolong or shorten this time as needed due to the circumstances and the program's efficiency. Besides recovering the stolen assets, WazirX wants to make a point for the whole crypto community and solicit the help of the community and ethical hackers while encouraging moral values.
Ultimately, WazirX's $23 million bounty program represents a significant and multifaceted approach to addressing and recovering from a major cyberattack. The widespread coverage of the initiative within the global audience, along with targeted cooperation with cybersecurity specialists, demonstrates the exchange's constant dedication to protecting its users and the rest of the cryptocurrency community from the threats thrown at them while simultaneously working to build the stability and security of the digital financial system.
The post "WazirX Launches $23 Million Bounty Program to Recover Stolen Crypto Assets" first appeared on 36crypto.com News.
#WazirXHacked #Biden_Out_BTC_Up #ETH_ETFs_Approval_Predictions #WazirXIndia
đš Emergency News: WazirX New Incitive, Recovery is Possible Or Not đ€đ€
đž WazirX Introduces Fair and Transparent Recovery Plan: 45% Assets to be Locked đž
Indian crypto exchange WazirX has announced a "fair and transparent" socialized loss strategy to recover user funds after a recent hack.
As part of the recovery plan, 45% of user assets will be locked to compensate affected users.
This move aims to ensure a fair distribution of losses among users, providing a sense of relief and security to those impacted by the hack.
#wazirX #Bitcoin_Coneference_2024 #KaleemsCryptoMehfilKCM #WazirXHacked #Bitcoin_Coneference_2024 $WRX
đž WazirX Introduces Fair and Transparent Recovery Plan: 45% Assets to be Locked đž
Indian crypto exchange WazirX has announced a "fair and transparent" socialized loss strategy to recover user funds after a recent hack.
As part of the recovery plan, 45% of user assets will be locked to compensate affected users.
This move aims to ensure a fair distribution of losses among users, providing a sense of relief and security to those impacted by the hack.
#wazirX #Bitcoin_Coneference_2024 #KaleemsCryptoMehfilKCM #WazirXHacked #Bitcoin_Coneference_2024 $WRX
WazirX Crypto Exchange Tokens Worth $230 Million Hacked, Hacker Started Selling Tokens
On Thursday, July 18, 2024, India's leading crypto exchange, WazirX $WRX , confirmed a major security breach resulting in a loss of over $230 million. The stolen tokens include a variety of cryptocurrencies such as $SHIB , $ETH, $MATIC, $PEPE , $USDT, and $GALA. Here is a breakdown of the estimated losses:
5.43 trillion $SHIB worth $102 million15,298 $ETH worth $52.5 million20.5 million $MATIC worth $11.24 million640.27 billion worth $7.6 million5.79 million $USDT135 million $GALA worth $3.5 million
In response to the breach, WazirX has temporarily suspended withdrawals of both Indian Rupees (INR) and cryptocurrencies to protect user funds while they investigate the incident.
According to data from Lookonchain, the hacker, operating under the wallet address "0x04b2," has already started selling off the stolen assets, including 640.27 billion $PEPE worth $7.6 million and 35B SHIB ($618K) and currently holds 5.4T SHIB $95.45M).
Arkham Intelligence Announced Bounty Program
To help track down the hacker, Arkham Intelligence has announced a bounty program called "New Intel Exchange Bounty: $235M WazirX Hack."
Source: Arkham
This program offers rewards for:
Identifying a Know Your Customer (KYC) centralized exchange depositRevealing the identity of the hackerSuccessfully recovering the stolen funds
All information submitted will be shared with the WazirX team to assist in their investigation and recovery efforts- stated by Arkham.
To get more updates, visit us at: https://coinsprobe.com/
#WazirXHacked #WRX #HACK
5.43 trillion $SHIB worth $102 million15,298 $ETH worth $52.5 million20.5 million $MATIC worth $11.24 million640.27 billion worth $7.6 million5.79 million $USDT135 million $GALA worth $3.5 million
In response to the breach, WazirX has temporarily suspended withdrawals of both Indian Rupees (INR) and cryptocurrencies to protect user funds while they investigate the incident.
According to data from Lookonchain, the hacker, operating under the wallet address "0x04b2," has already started selling off the stolen assets, including 640.27 billion $PEPE worth $7.6 million and 35B SHIB ($618K) and currently holds 5.4T SHIB $95.45M).
Arkham Intelligence Announced Bounty Program
To help track down the hacker, Arkham Intelligence has announced a bounty program called "New Intel Exchange Bounty: $235M WazirX Hack."
Source: Arkham
This program offers rewards for:
Identifying a Know Your Customer (KYC) centralized exchange depositRevealing the identity of the hackerSuccessfully recovering the stolen funds
All information submitted will be shared with the WazirX team to assist in their investigation and recovery efforts- stated by Arkham.
To get more updates, visit us at: https://coinsprobe.com/
#WazirXHacked #WRX #HACK
RIP đ Wazir x people đ
Feeling bad
Hacker is selling this coins đ„
Be careful which exchange u put money.
Don't put all money in one exchange. â
I use many đâ no risk. đŽ
#wazirX #WazirXHacked #mememcoinseason2024 #LUNCâ #shibaâĄ
Hacker is selling this coins đ„
Be careful which exchange u put money.
Don't put all money in one exchange. â
I use many đâ no risk. đŽ
#wazirX #WazirXHacked #mememcoinseason2024 #LUNCâ #shibaâĄ
Wazirx Hack Update :
đ tribe! Here's an update on what we're actively working on:
» We are nearing the completion of restoring the balances for trades that happened between 18 and 21 July. This will undo all trades carried out on the WazirX platform following the stoppage of withdrawals on 18 July 2024, at 1 PM IST.
» We're working with legal experts to help us formulate an effective method for enabling withdrawals.
» For our Bounty Program, we've received entries from 344 bounty hunters, including security professionals and ethical hackers, who are actively pursuing the trail of the stolen funds.
» We are in touch with multiple partners to explore all possible solutions to mitigate the financial impact of the cyberattack. Currently, we are in discussions with seven partners and making steady progress.
Thank you for your continued patience and support đ
This Is Official Message From Wazirx Team.
#WazirXHack #WazirXIndia #WazirXHacked #wazirX #wazirX
đ tribe! Here's an update on what we're actively working on:
» We are nearing the completion of restoring the balances for trades that happened between 18 and 21 July. This will undo all trades carried out on the WazirX platform following the stoppage of withdrawals on 18 July 2024, at 1 PM IST.
» We're working with legal experts to help us formulate an effective method for enabling withdrawals.
» For our Bounty Program, we've received entries from 344 bounty hunters, including security professionals and ethical hackers, who are actively pursuing the trail of the stolen funds.
» We are in touch with multiple partners to explore all possible solutions to mitigate the financial impact of the cyberattack. Currently, we are in discussions with seven partners and making steady progress.
Thank you for your continued patience and support đ
This Is Official Message From Wazirx Team.
#WazirXHack #WazirXIndia #WazirXHacked #wazirX #wazirX
đšShocking news from India's crypto scene! A recent $230 million hack at WazirX has left users reeling. The incident has sparked intense scrutiny of security practices and conversations around securing digital assets in a risky environment.
Users are rightfully concerned about the vulnerability of exchanges to fraudsters. It's scary how easily hackers can manipulate platforms. T
his incident is a wake-up call for the crypto community to prioritize security. Remember, every piece of information counts. Stay vigilant!
Make sure to always diversify your portfolio and keep it safe. Thank you! #CryptoNewss #india_crypto #wazirX #WazirXHack #WazirXHacked
Users are rightfully concerned about the vulnerability of exchanges to fraudsters. It's scary how easily hackers can manipulate platforms. T
his incident is a wake-up call for the crypto community to prioritize security. Remember, every piece of information counts. Stay vigilant!
Make sure to always diversify your portfolio and keep it safe. Thank you! #CryptoNewss #india_crypto #wazirX #WazirXHack #WazirXHacked
đš BREAKING NEWS đ
Wazirx is starting withdrawal from 26 August 2024, all eligible users with INR balances will be able to withdraw up to ~66% of their INR balances as reflected on the #WazirX platform in phases.
âšïž From 26 August â 8 September 2024đ
Users will be able to withdraw up to half of the present ~66% limit of their INR balances.
âšïž From 9 â 22 September 2024đ
Users will be able to withdraw up to the full ~66% limit of their INR balances.
#WazirX #Binance #WazirXhack #WazirXHacked
Wazirx is starting withdrawal from 26 August 2024, all eligible users with INR balances will be able to withdraw up to ~66% of their INR balances as reflected on the #WazirX platform in phases.
âšïž From 26 August â 8 September 2024đ
Users will be able to withdraw up to half of the present ~66% limit of their INR balances.
âšïž From 9 â 22 September 2024đ
Users will be able to withdraw up to the full ~66% limit of their INR balances.
#WazirX #Binance #WazirXhack #WazirXHacked
Shiba Inu (SHIB) and the $100 Million Hack: Impact and Predictions
Massive Hack Hits WazirX
WazirX, a leading cryptocurrency exchange in India, suffered a major security breach, resulting in the theft of $230 million in digital assets.
Key Details of the Breach:
- Largest Loss: Shiba Inu (SHIB) with 5.43 trillion tokens stolen, valued at $102 million.
- Other Stolen Assets:
- 15,298 Ethereum (ETH) worth $52.5 million
- 20.5 million Polygon (MATIC) worth $11.24 million
- 640.27 billion Pepe (PEPE) worth $7.6 million
- 5.79 million Tether (USDT)
- 135 million Gala (GALA) worth $3.5 million
Exchange Response:
- Paused withdrawals of cryptocurrencies and Indian rupees.
- The hacker has begun selling the stolen SHIB.
Market Concerns:
- The hack raises alarms in the cryptocurrency community, impacting recovery efforts led by Bitcoin (BTC).
AI Predictions for SHIB Price by August 1
Scenarios Outlined by AI:
1. Bearish Outcome:
- Erosion of investor confidence could lead to a sell-off.
- Price could drop to around $0.000015 or lower.
2. Neutral Outcome:
- If security measures improve, the price might stabilize around $0.000017.
3. Bullish Outcome:
- Positive market trends or strong buying interest could push the price to around $0.000020 or higher.
Additional Factors Influencing SHIB:
- Market Dynamics: Broader trends, regulatory news, and macroeconomic factors.
- Community Initiatives: Increased burning activity to mitigate fallout. Shibburn reported an 874.74% surge in the burning rate on July 18.
Current SHIB Price Analysis:
- Price at Press Time: $0.00001735, with a 24-hour loss of over 10%.
- Weekly Performance: Up over 4%.
- Key Levels to Monitor:
- Resistance at $0.000018.
- Support at $0.0000170; losing this could heighten bearish sentiments.
Conclusion
The cryptocurrency community is closely watching SHIBâs response to the hack, with various potential outcomes depending on market reactions and developments.
#SHIBŰ #GalaFundamentals #wazirX #writetoearn #WazirXHacked $SHIB
WazirX, a leading cryptocurrency exchange in India, suffered a major security breach, resulting in the theft of $230 million in digital assets.
Key Details of the Breach:
- Largest Loss: Shiba Inu (SHIB) with 5.43 trillion tokens stolen, valued at $102 million.
- Other Stolen Assets:
- 15,298 Ethereum (ETH) worth $52.5 million
- 20.5 million Polygon (MATIC) worth $11.24 million
- 640.27 billion Pepe (PEPE) worth $7.6 million
- 5.79 million Tether (USDT)
- 135 million Gala (GALA) worth $3.5 million
Exchange Response:
- Paused withdrawals of cryptocurrencies and Indian rupees.
- The hacker has begun selling the stolen SHIB.
Market Concerns:
- The hack raises alarms in the cryptocurrency community, impacting recovery efforts led by Bitcoin (BTC).
AI Predictions for SHIB Price by August 1
Scenarios Outlined by AI:
1. Bearish Outcome:
- Erosion of investor confidence could lead to a sell-off.
- Price could drop to around $0.000015 or lower.
2. Neutral Outcome:
- If security measures improve, the price might stabilize around $0.000017.
3. Bullish Outcome:
- Positive market trends or strong buying interest could push the price to around $0.000020 or higher.
Additional Factors Influencing SHIB:
- Market Dynamics: Broader trends, regulatory news, and macroeconomic factors.
- Community Initiatives: Increased burning activity to mitigate fallout. Shibburn reported an 874.74% surge in the burning rate on July 18.
Current SHIB Price Analysis:
- Price at Press Time: $0.00001735, with a 24-hour loss of over 10%.
- Weekly Performance: Up over 4%.
- Key Levels to Monitor:
- Resistance at $0.000018.
- Support at $0.0000170; losing this could heighten bearish sentiments.
Conclusion
The cryptocurrency community is closely watching SHIBâs response to the hack, with various potential outcomes depending on market reactions and developments.
#SHIBŰ #GalaFundamentals #wazirX #writetoearn #WazirXHacked $SHIB
#WazirXHacked
Tracing the Hack. .. Investigation
ZachXBT began his investigation by identifying the exploiter's address, 0x6eedf92fb92dd68a270c3205e96dccc527728066, and tracking its activities.
On July 10th, the address showed transactions involving SHIB tokens, marking the start of a detailed cyber operation. These transactions, funded by multiple 0.1 ETH withdrawals from Tornado Cash, were used to create confusion about the origins and intentions.
Further analysis traced funds through addresses like 0xc68 and 0xc891, which received funds from Tornado Cash and interacted with other cryptocurrency exchanges to complicate the trail.
The operation also involved Bitcoin transactions from an unknown service, making it difficult to identify the ultimate beneficiaries.
Implications and Security Concerns:
ZachXBT's analysis of the WazirX hack revealed similarities to operations by the Lazarus Group, a notorious cybercrime organization. The use of privacy-centric services like Tornado Cash to create a web of transactions mirrors the tactics of the Lazarus Group, highlighting the evolving strategies of cybercriminals exploiting vulnerabilities in the crypto space.
$BTC
$ETH
#shibaâĄ
Tracing the Hack. .. Investigation
ZachXBT began his investigation by identifying the exploiter's address, 0x6eedf92fb92dd68a270c3205e96dccc527728066, and tracking its activities.
On July 10th, the address showed transactions involving SHIB tokens, marking the start of a detailed cyber operation. These transactions, funded by multiple 0.1 ETH withdrawals from Tornado Cash, were used to create confusion about the origins and intentions.
Further analysis traced funds through addresses like 0xc68 and 0xc891, which received funds from Tornado Cash and interacted with other cryptocurrency exchanges to complicate the trail.
The operation also involved Bitcoin transactions from an unknown service, making it difficult to identify the ultimate beneficiaries.
Implications and Security Concerns:
ZachXBT's analysis of the WazirX hack revealed similarities to operations by the Lazarus Group, a notorious cybercrime organization. The use of privacy-centric services like Tornado Cash to create a web of transactions mirrors the tactics of the Lazarus Group, highlighting the evolving strategies of cybercriminals exploiting vulnerabilities in the crypto space.
$BTC
$ETH
#shibaâĄ
Today Top Wazirx News Update follow @CoinRoopMedia for daily wazirx update
1- WazirX, one of India's largest cryptocurrency exchanges, recently suspended all trading activities after suffering a significant security breach, resulting in a loss of approximately $230 million, nearly half of its reserves.
The breach affected over 200 cryptocurrencies, including 5.43 billion SHIB tokens, over 15,200 Ethereum tokens, 20.5 million Matic tokens, 640 billion Pepe tokens, 5.79 million USDT, and 135 million Gala tokens. The attackers are reportedly attempting to offload the stolen assets via the decentralized exchange Uniswap, with risk-management platform Elliptic suggesting affiliations with North Korea.
2- In response, WazirX announced a Bounty Program for ethical hackers to aid in the recovery of the stolen assets, offering rewards up to $10,000 worth of USDT and an additional 10% incentive from White Hat Recovery, totaling up to $23 million.
3- This breach is a major setback for WazirX, especially following its separation from Binance in early 2023. The exchange is working diligently to recover the funds, labeling the breach a force majeure event beyond their control. Traders and investors are advised to exercise caution during this period.
#wazirX #WazirXHacked #WazirXIndia
1- WazirX, one of India's largest cryptocurrency exchanges, recently suspended all trading activities after suffering a significant security breach, resulting in a loss of approximately $230 million, nearly half of its reserves.
The breach affected over 200 cryptocurrencies, including 5.43 billion SHIB tokens, over 15,200 Ethereum tokens, 20.5 million Matic tokens, 640 billion Pepe tokens, 5.79 million USDT, and 135 million Gala tokens. The attackers are reportedly attempting to offload the stolen assets via the decentralized exchange Uniswap, with risk-management platform Elliptic suggesting affiliations with North Korea.
2- In response, WazirX announced a Bounty Program for ethical hackers to aid in the recovery of the stolen assets, offering rewards up to $10,000 worth of USDT and an additional 10% incentive from White Hat Recovery, totaling up to $23 million.
3- This breach is a major setback for WazirX, especially following its separation from Binance in early 2023. The exchange is working diligently to recover the funds, labeling the breach a force majeure event beyond their control. Traders and investors are advised to exercise caution during this period.
#wazirX #WazirXHacked #WazirXIndia
đš Major Security Breach: WazirX Hack Details đš
Key Points:
- đ Indian Exchange Hacked:WazirX reportedly compromised.
- đ Cyvers Findings: Multiple suspicious transactions detected.
- đ° Total Loss:Approximately $234.9 million in crypto stolen.
Details of Stolen Assets:
- đ 5.43T SHIB:Worth $102M
- đ 15,298 ETH: Worth $52.5M
- đ 20.5M MATIC: Worth $11.24M
- đȘ 640.27B PEPE: Worth $7.6M
- đ” 5.79M USDT: Worth $5.79M
- đź 135M GALA: Worth $3.5M
đ Actions: Swapped PEPE, GALE, and USDT to ETH.
Stay updated for more information.
#pepe⥠#wazirX #WazirXHacked
Key Points:
- đ Indian Exchange Hacked:WazirX reportedly compromised.
- đ Cyvers Findings: Multiple suspicious transactions detected.
- đ° Total Loss:Approximately $234.9 million in crypto stolen.
Details of Stolen Assets:
- đ 5.43T SHIB:Worth $102M
- đ 15,298 ETH: Worth $52.5M
- đ 20.5M MATIC: Worth $11.24M
- đȘ 640.27B PEPE: Worth $7.6M
- đ” 5.79M USDT: Worth $5.79M
- đź 135M GALA: Worth $3.5M
đ Actions: Swapped PEPE, GALE, and USDT to ETH.
Stay updated for more information.
#pepe⥠#wazirX #WazirXHacked
Breaking - WazirX and its partners face NCLT petition over $230 million crypto theft - Moneycontrol reports.
#WazirXHacked #wazirX
#WazirXHacked #wazirX
Current Status of Hacked #Wazirx User Funds.
Hacker have been able to successfully convert most of the stolen crypto to $206 Million worth of ETH.
$5.6 Million worth of Crypto is still remaining.
Hacker currently holds stolen Crypto in 3 Wallets
Wallet 1 Holds Approx. $153.5 Million worth of ETH
Wallet 2 Holds Approx. $53.5 Million worth of ETH
Wallet 3 Holds Approx. $5.6 Million worth of Crypto.
#WazirXIndia #WazirXHacked
Hacker have been able to successfully convert most of the stolen crypto to $206 Million worth of ETH.
$5.6 Million worth of Crypto is still remaining.
Hacker currently holds stolen Crypto in 3 Wallets
Wallet 1 Holds Approx. $153.5 Million worth of ETH
Wallet 2 Holds Approx. $53.5 Million worth of ETH
Wallet 3 Holds Approx. $5.6 Million worth of Crypto.
#WazirXIndia #WazirXHacked
#Wazirx HACKED! đ€Ą
$234.9M+ worth of crypto drained as per various on-chain transaction tracking entities
THIS IS A JOKE on the NAME of MULTISIG WALLET !
This is not HACK this sheer STEALING of NAIVE INDIAN PEOPLE's MONEY!
An Exchange's multisig wallet gets hacked just like that???
JOKE on the Authority of the Exchange & Joke on out BLIND Trust on these stupid INDIAN Exchanges.
What is your TAKE on THIS???
Comment THOUGHTS!!!
#wazirX #WazirXHacked #ETH_ETF_Approval_23July
$234.9M+ worth of crypto drained as per various on-chain transaction tracking entities
THIS IS A JOKE on the NAME of MULTISIG WALLET !
This is not HACK this sheer STEALING of NAIVE INDIAN PEOPLE's MONEY!
An Exchange's multisig wallet gets hacked just like that???
JOKE on the Authority of the Exchange & Joke on out BLIND Trust on these stupid INDIAN Exchanges.
What is your TAKE on THIS???
Comment THOUGHTS!!!
#wazirX #WazirXHacked #ETH_ETF_Approval_23July
