{"id":10329,"date":"2024-07-19T05:01:00","date_gmt":"2024-07-19T05:01:00","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=10329"},"modified":"2024-07-19T05:01:02","modified_gmt":"2024-07-19T05:01:02","slug":"indias-top-crypto-exchange-wazirx-hacked-230-million-in-digital-assets-lost","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/indias-top-crypto-exchange-wazirx-hacked-230-million-in-digital-assets-lost\/","title":{"rendered":"India\u2019s Top Crypto Exchange WazirX Hacked: $230 Million in Digital Assets Lost"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">India\u2019s leading cryptocurrency exchange, WazirX, has fallen victim to a significant security breach, resulting in the theft of over $230 million in digital assets. The incident occurred during the early European hours on Thursday, July 18, affecting one of the exchange\u2019s wallets and leading to substantial user fund losses. WazirX, often referred to as \u2018India Ka Bitcoin Exchange,\u2019 confirmed the breach through a post on X, formerly known as Twitter.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact on WazirX and User Funds<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">WazirX primarily caters to the Indian market and is among the few exchanges in the country registered with the Financial Intelligence Unit (FIU). This registration allows it to offer crypto exchange services to Indian citizens. In response to the breach, WazirX announced, \u201cWe\u2019re aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused. Thank you for your patience and understanding. We\u2019ll keep you posted with further updates.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also Read: <a href=\"https:\/\/www.cryptometer.io\/news\/lazarus-group-suspected-in-305-million-dmm-bitcoin-hack\/\">Lazarus Group Suspected in $305 Million DMM Bitcoin Hack<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Hack Details and Suspected Perpetrators<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">According to Coindesk, blockchain analysis firm Elliptic has linked the hack to North Korea-affiliated hackers. The attackers are reportedly selling the stolen assets using the onchain exchange Uniswap. While they have yet to liquidate their Ethereum (ETH) holdings, they possess over $4.2 million in FLOKI tokens. Initial investigations indicate that the hackers exploited a vulnerability within WazirX\u2019s systems, enabling them to steal a large amount of cryptocurrency, including a significant portion of the Shiba Inu (SHIB) token. This theft has caused a sharp decline in the value of WazirX\u2019s native token, WRX.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Implications for the Cryptocurrency Industry<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This high-profile breach underscores the inherent risks associated with cryptocurrency trading and the urgent need for robust security measures within the industry. The hack comes at a time when the Indian government is closely scrutinizing the cryptocurrency sector and considering stricter regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s leading cryptocurrency exchange, WazirX, has fallen victim to a significant security breach, resulting in the theft of over $230 million in digital assets. The incident occurred during the early European hours on Thursday, July 18, affecting one of the exchange\u2019s wallets and leading to substantial user fund losses. WazirX, often referred to as \u2018India [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":1411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,43],"tags":[],"class_list":["post-10329","post","type-post","status-publish","format-standard","has-post-thumbnail","category-exchange","category-general-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>India\u2019s Top Crypto Exchange WazirX Hacked: $230 Million in Digital Assets Lost<\/title>\n<meta name=\"description\" content=\"India\u2019s leading cryptocurrency exchange, WazirX, has fallen victim to a significant security breach, resulting in the theft of over $230 million in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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