The Indian exchange involved in many dramas with Binance is WazirX suspected of being attacked, temporarily losing more than 230 million USD with PEPE, GALA, Matic, SHIB, USDT,...
WazirX India is suspected of being hacked for more than 230 million USD. Photo: WazirX
On the afternoon of July 18, 2024 (Vietnam time), blockchain security experts discovered many suspicious transactions from the Safe Multisig wallet of the WazirX exchange, suspecting that the platform was being attacked.
🚨ALERT🚨Hey @WazirXIndia , Our system has detected multiple suspicious transactions involving your Safe Multisig wallet on the # ETH network.
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) July 18, 2024
A total of $234.9M of your funds have been moved to a new address. Each transaction's caller is funded by @TornadoCash .
The suspicious… pic.twitter.com/4sajAwd4Hb
Currently, about 234.9 million USD of crypto assets have been transferred from the exchange's wallets, including PEPE, GALA and USDT. The bad guys are trying to swap these coins to ETH and take advantage of them to disperse.
The major transaction tracking site Whale Alert in the last 1 hour also continuously reported on transactions suddenly transferred from the WazirX exchange, including Matic, SHIB,...
Source: X (old Twitter)
Notably, the attacker's suspected wallet address holds up to 97 million USD SHIB. If this number of SHIB continues to be sold, it will likely greatly affect the price.
Source: DeBank
The WazirX exchange said it is investigating the incident and temporarily suspending the withdrawal feature.
📢 Update: 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.…
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) July 18, 2024
The WRX Token price has not shown any impact from this news, still increasing 5.3% over the past 24 hours.
Source: CoinGecko
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