WazirX Suffers Major Security Breach Leading to $235M Crypto Theft
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WazirX has suffered a significant breach, with unknown attackers siphoning off hundreds of millions in cryptocurrencies from India’s leading digital assets exchange after compromising its wallet security.
Blockchain security firm Cyvers Alerts disclosed via tweet that $234.9 million of WazirX’s funds were transferred to a new address. Each transaction was facilitated by Tornado Cash, a well-known crypto mixer.
WazirX Loses $235M in Wallet Hack
Cyvers detected multiple transactions involving WazirX’s Ethereum-based Safe Multisig wallet during early European hours. The security team tried to contact the exchange 30 minutes before publicizing the breach but received no response.
By the time the announcement was made, the attackers had already converted the stolen Pepe (PEPE), Gala (GALA), and Tether (USDT) to ether (ETH) and executed additional swap transactions. 
Other stolen assets include Polygon (MATIC), Floki Inu (FLOKI), Shiba Inu (SHIB), 1Inch (1INCH), Uniswap (UNI), and the FTX Token.Data from the Telegram channel Investigations by ZachXBT revealed that the attackers’ wallets still held $221 million worth of tokens at press time. The largest holdings include $87.5 million in SHIB, $4.6 million in MATIC, and $93.5 million in ETH.
Investigation Ongoing
While the attacker continues converting stolen assets to ETH, WazirX has informed the community that its team is investigating the incident.
The exchange has paused crypto withdrawals to contain the breach, secure remaining assets, and mitigate further losses.The attack has had a detrimental effect on the price of WazirX’s native token, WRX.
According to CoinMarketCap, WRX lost approximately 15% of its value when the news broke, dropping from $0.168 to $0.143. Although it slightly recovered to $0.148, the token is still down 13% over the past 24 hours.
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