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On July 18, Indian cryptocurrency exchange WazirX was hacked, resulting in the theft of over $230 million in assets in its multi-signature wallet.
According to data from Lookonchain, more than 230 million USD in assets were abnormally transferred from WazirX wallet to wallet “0x04b2” suspected of being owned by hackers. Wallet “0x04b2” then sold these assets, including 64.027 billion PEPE (worth 7.6 million USD).
Currently, a total of 234.9 million USD has been transferred to new addresses. On-chain data shows that each hack transaction uses Tornado Cash to transfer funds.
WazirX exchange responded initially to the incident, confirming that their wallet had a security vulnerability. To ensure user safety, they will temporarily stop withdrawals.
After this information was announced, the price of the exchange’s WRX token immediately decreased by 7.77%. Currently, the token price is at $0.16 and there are no clear signs of recovery.
WazirX is one of the leading cryptocurrency exchanges in India, known for its user-friendly interface and advanced trading features. Users can buy, sell and exchange cryptocurrencies quickly and conveniently. WazirX provides an online open order book system, allowing trading of over 80 digital assets, including Bitcoin, BNB, Bitcoin Cash, Litecoin, Dash and many other cryptocurrencies.
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