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Home»ALTCOIN NEWS»Cryptocurrency Exchange WazirX Hacked, Losing Over $230 Million in Ethereum, Shiba Inu, and Other Assets: On-Chain Data
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Cryptocurrency Exchange WazirX Hacked, Losing Over $230 Million in Ethereum, Shiba Inu, and Other Assets: On-Chain Data

By Crypto FlexsJuly 19, 20242 Mins Read
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Cryptocurrency Exchange WazirX Hacked, Losing Over 0 Million in Ethereum, Shiba Inu, and Other Assets: On-Chain Data
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Hackers broke into Indian cryptocurrency exchange WazirX and stole a huge amount of assets.

According to blockchain tracking firm Lookonchain, analysis of on-chain data suggests the exchange lost $230 million worth of cryptocurrency in the incident.

The stolen funds include $52.5 million worth of Ethereum (ETH), $102 million worth of Shiba Inu (SHIB), $11.24 million worth of Polygon (MATIC), $7.6 million worth of Pepe (PEPE), $3.5 million worth of Gala (GALA), and $5.79 million worth of Tether (USDT).

“Over $230 million worth of assets were irregularly transferred from WazirX (@WazirXIndia) wallet to wallet “0x04b2”.

Lookonchain has revealed that the hacker is dumping funds and has sold all stolen PEPE and SHIB tokens so far.

“Currently wallet “0x04b2” is dumping this asset and has dumped 6402.7B PEPE ($7.6 Million).

WazirX Exploiter Sold the Entire 5.43T SHIB for 26,535 ETH ($92 Million)!”

WazirX has confirmed that its platform has been compromised and is investigating the incident.

“A cyberattack occurred on one of our multisig wallets, resulting in the loss of over $230 million in funds. This wallet had been operating using Liminal’s digital asset custody and wallet infrastructure services since February 2023.”

The exchange said it was temporarily suspending withdrawals to protect user funds.

“While this is an event beyond our control, we are doing everything we can to locate and recover the funds. We have already blocked several deposits and have reached out to the wallets concerned for recovery. We are reaching out to the best resources available to assist in this effort.”

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

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