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.
