Massive Security Breach Hits WazirX 🚨
An unprecedented security breach has hit Indian crypto exchange WazirX, resulting in nearly $235 million of funds being transferred in a suspicious transaction. The exchange confirmed the breach, stating that one of its multisig wallets was compromised, leading to a thorough investigation. As a precautionary measure, all crypto and rupee withdrawals have been temporarily halted. This breach has raised concerns about the safety and security of funds on the platform.
Recent Crypto Exchange Hacks
- March 2022: Ronin Network suffers a $615 million loss
- August 2021: Poly Network faces a $611 million breach
- November 2022: FTX loses $600 million to hackers
- October 2022: Binance loses over $100 million due to a cross-chain bridge exploit
Previous Crypto Industry Shocks
- January 2018: Coincheck loses $534 million in NEM coins
- 2011 & 2014: Mt. Gox hacks result in over $437 million in losses
- December 2021: Bitmart hack sees $196 million stolen using compromised keys
- 2022 Nomad Bridge attack drains $190 million through a cross-chain exploit
Tornado Cash Involvement and Sanctions
- Coin mixer Tornado Cash implicated in WazirX breach, moving funds to a new address
- U.S. Treasury sanctions Tornado Cash for laundering billions of dollars in virtual currency
- Tornado Cash founder facing trial for operating unlicensed money transmitter
- Alexey Pertsev sentenced to 64 months in prison for money laundering, pending appeal
Hot Take 🔥
Stay informed and vigilant in the crypto space, ensuring the security of your assets and staying updated on the latest developments to protect yourself in an ever-evolving landscape.
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