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Crypto Exchange WazirX Faces Security Breach
WazirX, a popular crypto exchange, recently experienced a security breach. Learn more about the incident and the measures being taken to protect user assets.
Crypto exchange WazirX encountered a significant security breach, resulting in over $230 million in withdrawals during the early European hours on Thursday. The breach affected one of the exchange’s wallets, leading to the loss of user funds. WazirX promptly responded to the incident, stating, “We’re aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident.” As a precautionary measure, the exchange announced the temporary pause of INR and crypto withdrawals to safeguard user assets.
Initial blockchain data analysis conducted by Lookonchain revealed that the highest amount of funds withdrawn was in shiba inu (SHIB) tokens, totaling over $100 million. This was followed by approximately $52 million in ether (ETH), $11 million in Matic’s MATIC, and $6 million in pepe (PEPE).
This is an evolving situation, and further updates will be provided as more information becomes available.