WazirX Crypto Exchange Hacked: $235 Million Stolen in Massive Heist

In a shocking turn of events, WazirX, a popular crypto exchange in India, has fallen victim to a massive hacker attack, resulting in the loss of a staggering $235 million. This incident marks one of the largest heists of the year, sending shockwaves through the cryptocurrency community.

The breach was first flagged by web 3 security firm Cyvers Alert, who noticed suspicious transactions from the WazirX Safe Multisig wallet on Ethereum. The hacker wasted no time in transferring nearly $234.9 million to a new wallet, using Tornado Cash to cover their tracks. The stolen assets, including Tether (USDT), Pepe (PEPE), and Gala (GALA), were quickly converted to Ether (ETH) and sold off.

Crypto analyst ZachXBT revealed that the primary hacker still holds over $104 million in various cryptocurrencies, raising concerns about the security of user funds. Despite acknowledging the hack, WazirX has remained silent on the matter, leaving users anxious about the safety of their assets.

In response to the breach, WazirX has temporarily halted all cryptocurrency and INR withdrawals as they work to identify the perpetrator and recover users’ assets. However, users are still left in the dark about the security measures being taken to protect their funds.

In light of this incident, crypto investors are urged to take proactive steps to safeguard their assets. Recommendations include storing funds in hardware wallets, enabling two-factor authentication, monitoring accounts for unusual activity, and diversifying storage across multiple wallets.

As the crypto industry continues to face threats from hackers, it is essential for users to remain vigilant and take necessary precautions to protect their investments. Stay informed and share this article to raise awareness about the importance of securing crypto assets in an increasingly risky environment.