Indian crypto exchange falls victim to $235M hack
Cyvers Alert announced X on July 18, stating that the Web3 security firm has detected "multiple suspicious transactions" involving WazirX’s Safe Multisig wallet on Ethereum.
According to the post , it is believed that $234.9 million of funds in the Safe Multisig wallet have been moved to a new address, with each transaction’s caller funded by Tornado Cash, the decentralized protocol for private transactions.
The address has already swapped shifted funds comprised of Tether (USDT), Pepe (PEPE), and Gala (GALA) into Ether ( ETH ).
This is a developing story, and further information will be added as it becomes available.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pi Coin Struggles and Pi Day 2’s Impact on Its Future Trajectory
In Brief Pi Coin struggles below $0.65 amid rising bearish pressure. Upcoming "Pi Day 2" on June 28 may impact its short-term direction. Analysts observe concerning signs in PI’s technical indicators and on-chain data.
South Korea Sets New Standards for Cryptocurrency Market
In Brief South Korea introduces the "Digital Asset Basic Act" for cryptocurrency market clarity. The bill aims to boost stablecoin usage and offers a predictable business environment. Swift action contrasts with the slow U.S. progress, giving Korea a competitive edge.
Tron Stablecoin Supply Increases by $1.04 Billion
From $0.01 to $0.3370—This Popular Crypto Coin to Buy Still Has 4300% Growth in Sight: Don’t Sit It Out Like Monero!
Trending news
MoreCrypto prices
More
