The reports suggest that the company has lost almost $230 million around half of its current assets $500 million as per June's financial disclosure.
WazirX, a Mumbai-based crypto exchange has stopped transactions from the platform after experiencing a major hacking threat. WazirX is one of the biggest crypto exchanges in India and the company has confirmed that they suffered hacking attacks in early European hours on Friday.
👋 tribe! It has come to our notice that scam bots are impersonating our official WazirX accounts and sharing fake links.
We strongly recommend double-checking the username and verified badge of any account that appears to be WazirX.
Our official websites are:
👉… pic.twitter.com/cEGnhaWya6— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) July 19, 2024
WazirX, a crypto exchange company known as ‘India Ka Bitcoin Exchange’, is a registered exchange in the country under the Financial Intelligence Unit (FIU) that allows user to exchange their crypto money. The new hacking attempt was shared on X attaching the stolen assets details.
Update:#WazirX has ~$230M in assets stolen. Including:
5.43T $SHIB($102M)
15,298 $ETH($52.5M)
20.5M $MATIC($11.24M)
640.27B $PEPE($7.6M)
5.79M $USDT
135M $GALA($3.5M)
…‼️Please note that the hacker is selling these assets!https://t.co/1uOozAVeM1 https://t.co/ogtVSFITK9 pic.twitter.com/3vPmxqXwbL
— Lookonchain (@lookonchain) July 18, 2024
According to Blockchain sleuth Elliptic, It was said that the North Korea-linked hackers were found as the culprits behind the attack. The hack was befell by providing access to the wallet’s private key. This key stores a large number of assets, to a malicious contract used to upgrade a safe multi-sig wallet. The reports suggest that the company has lost almost $230 million around half of its current assets $500 million as per June’s financial disclosure. This is marked as one of the biggest crypto larcenies in recent years.
Also, read| Significant Rise In Investment Scams In India; Over Rs 1 Billion Lost In First Four Months Of 2024: Report
WazirX parted ways from Binance the previous year on account of a dispute befell in 2022. It began after 2 years when Binance disclosed that it had acquired WazirX and the company said that the deal wasn’t made on good terms and hence it laid off WazirX halting business with this Indian company.
Also, read| Crypto Romance Scam: FTC In US Alerts To Cut Off Fake Online Friendships
