WazirX

<ul><li>Crypto hacks in July 2024 exceeded $266M, a sharp rise from June&#39;s $176M.</li><li>WazirX lost $230M in a major hack, accounting for 86.4% of July&#39;s total thefts.</li><li>2024 sees a surge in crypto thefts, with $1.38B stolen by June, double 2023&#39;s mid-year total.</li></ul>The cryptocurrency ecosystem witnessed a surge in hacking incidents in July, resulting in losses <a href="https://x.com/PeckShieldAlert/status/1818853720861618634" rel="noopener noreferrer nofollow">exceeding</a> $266 million. This marks a significant increase from the $176 million stolen in June. The latest reports reveal a growing trend of sophisticated cyberattacks targeting both centralized and decentralized finance platforms.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf4N8-JyeeS26t56rI1lA1wNJP7oZxiygMu3TVHGLrSKcMADrfupoCQajKJYKiHKIIQvWVLUVwthC8If5POwibzHRYc6ZkH4--ZHBYCSMdvlM4bBybaeu19aGlOJrhUBJ0r1eUxpTCasJaQdBqhynS70xk?key&#61;3fv3IfvGCr72Z5FM1zAxWg" />WazirX Hack and Subsequent ActionsThe most significant incident occurred on July 18, when the Indian crypto exchange <a href="https://cryptotale.org/north-korean-hackers-suspected-in-235-million-wazirx-cryptocurrency-theft/" rel="noopener noreferrer nofollow">WazirX</a> suffered a catastrophic security breach. Hackers siphoned off over $230 million, which accounted for 86.4% of the total cryptocurrency stolen in the month. The stolen assets included 61,154 Ether (ETH). Following the attack, WazirX filed a police complaint and engaged with the Indian Computer Emergency Response Team (CERT-In). The exchange is collaborating with forensic experts and law enforcement agencies to track the stolen funds, recover customer assets, and identify the perpetrators. In addition, WazirX launched a recovery plan allowing users immediate access to 55% of their assets.<a href="https://cryptotale.org/surge-in-crypto-hacks-266m-stolen-in-july-wazirx-among-major-victims/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Surge in Crypto Hacks: $266M Stolen in July, WazirX Among Major Victims

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