WazirX

<ul><li>WazirX hit by a $230M hack; Cyvers Alerts detected suspicious transfers, raising concerns.</li><li>WazirX paused INR and crypto withdrawals to investigate the breach involving their multisig wallet provider, Liminal.</li><li>Stolen funds represent 45% of WazirX’s holdings; proof of reserve site down post-breach.</li></ul>The Indian cryptocurrency exchange WazirX suffered a significant security breach early Thursday, resulting in unauthorized transfers exceeding $230 million. This incident, <a href="https://x.com/CyversAlerts/status/1813834131165286464" rel="noopener noreferrer nofollow">detected</a> by Cyvers Alerts and confirmed by on-chain analytics from Lookonchain, marks one of the largest thefts in cryptocurrency this year.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdYc7Cal6HRXFvjadrOawPrTjKCIz4fdqA5sO5cK6n_aBXqWxvK6H-8hIr1eimqe7BQxvgLtqrjwd2ETB2RuPxyfIEp0wJX0SkB_SIE-L8hbTdTjIOxbUTJloH1cUYlAeVOn645p8hxdsw6uJGbfd9fUJJ8?key&#61;is3b3F7r7lCTurJxIs78wA" />Initial Detection and ResponseCyvers Alerts, a security monitoring service, first detected the breach. Their systems noted multiple suspicious transactions from WazirX&#39;s Safe Multisig wallet on the Ethereum network to a new address, warning of potential compromise. These alerts indicated that each transaction was linked to funds initially funded by Tornado Cash, raising red flags given Tornado Cash’s history with illicit activities.<a href="https://cryptotale.org/crypto-exchange-wazirx-hacked-230-million-stolen/" 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">Insta</a>

Crypto Exchange WazirX Hacked, $230 Million Stole

CryptoTale

Alte articole publicate pe 19 iul. 2024

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