WazirX Hacked: Over $230 Million in Crypto Stolen, Withdrawals Paused
- WazirX experienced a security breach, losing over $230 million in cryptocurrencies.
- Stolen funds are being funneled through Tornado Cash.
- The hacker has begun selling the stolen assets.
India’s largest crypto exchange, WazirX, has suffered a major hack resulting in the loss of over $230 million in cryptocurrencies.
The exchange disclosed the breach early Thursday, announcing the temporary suspension of Indian Rupee (INR) and crypto withdrawals to protect user funds during the investigation. WazirX said:
“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. Thank you for your patience and understanding. We’ll keep you posted with further updates.”
Blockchain security alert platform Cyvers Alerts initially reported the news on X (formerly Twitter) after detecting suspicious transactions on the ETH network involving WazirX’s Safe Multisig wallet.
The hacker reportedly sent the stolen coins to another address through Tornado Cash, an open-source privacy tool, before swapping them fo…
The post WazirX Hacked: Over $230 Million in Crypto Stolen, Withdrawals Paused appeared first on Coin Edition.
