- LATEST
- WEBSTORY
- TRENDING
BUSINESS
WazirX crypto exchange suffers security breach, Rs 1965 crore worth of funds moved
To safeguard assets, WazirX has halted all withdrawals, including INR deposits and cryptocurrencies.
Updated : Jul 18, 2024, 04:38 PM IST
 "WazirX crypto exchange suffers security breach, Rs 1965 crore worth of funds moved")
TRENDING NOW
)
Meet IAS Priyanka Goel who is no less than any model, enjoys massive following on social media, cracked UPSC exam in her 6th attempt with AIR...
)
Another masterstroke by Mukesh Ambani and Gautam Adani, join hands to sell..., partnership aims to improve...
)
10 most handsome men in the World: This BTS member beats Hrithik Roshan, Chris Evans, Brad Pitt
)
Meet TV's most glamorous villian who got married at 16, became mother at 17, divorced at 18, later became India's top...; her name is...
)
Meet UPSC topper whose father left him, was raised by mother who worked as loan agent, once wanted to become sanyasi, cleared civil service exam in 5th attempt with AIR..., he is...
)
Big move by Deepinder Goyal, after food delivery, Zomato co-founder announces entry in this sector, aims to revolutionise...
)
'9th fail cricketer...': Rinku Singh gets trolled after his appointment as Basic Education Officer by UP govt`
)
After Shefali Jariwala's sudden death, her Bigg Boss 13 co-star Rashami Desai makes BIG statement: 'I don't know why...'
)
Shefali Jariwala's demise: Doctor gives major update in 'Kaanta Laga' girl sudden death, suspects...
)
What is fatwa? Will Muslims target Donald Trump, Benjamin Netanyahu after Shiite clergy's decree? Salman Rushdie was stabbed after fatwa...
)
Shefali Jariwala's friend Pooja Ghai says she did take IV drip before her death: 'I was standing there when...'
)
New UPI Rules: limits on balance check..., GPay, PhonePe, Paytm users to see major changes from...
)
Sarfira box office collection day 1: Akshay Kumar's film registers disastrous opening despite positive reviews, earns...
)
Meet woman, who lost her father when she was 6 months old, her mother remarried when she was 3, later became IITian to fulfill her dadi's dream, she is...
)
China's big blow to its friend Pakistan, refuses to give this weapon, Shehbaz Sharif in tension due to...
India’s largest crypto exchange, WazirX, has been hacked, resulting in the transfer of cryptocurrencies worth over ₹1,900 crore to an anonymous wallet. Republic Business has reached out to WazirX for confirmation of the total loss, but the exchange has yet to respond.
The hacker swapped Tether (USDT), Pepe tokens, and GALA into Ether. Blockchain data indicates that the Mumbai-based exchange’s secure multi-signature wallet on the Ethereum network has been compromised. In such wallets, multiple stakeholders' permissions are required for transactions.
WazirX acknowledged the breach and announced an active investigation. In a tweet, WazirX stated, “We're aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident.”
To safeguard assets, WazirX has halted all withdrawals, including INR deposits and cryptocurrencies. The exchange assured users, “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.”
Media reports suggest that the hacker is using Tornado Cash, a crypto mixer, to obscure the transaction history. The compromised address held approximately $100 million in Shiba Inu (SHIB), $52 million in Ethereum (ETH), and $11 million in Polygon (MATIC). Additionally, it contained $4.7 million in Floki (FLOKI), $3.2 million in Fantom (FTM), $2.8 million in Chainlink (LINK), and $2.3 million in Fetch.ai (FET), with the remaining funds spread across various other tokens.
