Hi all,
WazirX has faced a massive security breach that led to the theft of $230 million in cryptocurrency assets. On X they share a post “At WazirX, our commitment to transparency and community welfare is paramount. There was a cyber attack on one of our multisig wallets”. The crypto exchange has confirmed that the breach led to the loss of user funds and $230 million in withdrawals. These stolen assets represent more than 45 percent of the total reserves reported by the exchange in June 2024. WazirX has temporarily paused INR and crypto withdrawals on the platform. "We're aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused".
WazirX is a cryptocurrency exchange based in India. It allows users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, and others. Launched in 2018, it provides a platform for spot trading, staking, and peer-to-peer transactions, and offers features like a native utility token (WRX) and integration with Binance, a global cryptocurrency exchange.
WazirX has faced a massive security breach that led to the theft of $230 million in cryptocurrency assets. On X they share a post “At WazirX, our commitment to transparency and community welfare is paramount. There was a cyber attack on one of our multisig wallets”. The crypto exchange has confirmed that the breach led to the loss of user funds and $230 million in withdrawals. These stolen assets represent more than 45 percent of the total reserves reported by the exchange in June 2024. WazirX has temporarily paused INR and crypto withdrawals on the platform. "We're aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused".
WazirX is a cryptocurrency exchange based in India. It allows users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, and others. Launched in 2018, it provides a platform for spot trading, staking, and peer-to-peer transactions, and offers features like a native utility token (WRX) and integration with Binance, a global cryptocurrency exchange.
