Get the app
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

WazirX Faces Security Breach, Over $230 Million Withdrawn

  • Indian crypto exchange WazirX experienced a security breach in one of its multisig wallets, leading to over $230 million in withdrawals.
  • The exchange confirmed the breach and announced a temporary pause on INR and crypto withdrawals to ensure asset safety.
  • The stolen funds represent over 45% of WazirX's $500 million holdings, with significant amounts in SHIB, ETH, MATIC, and PEPE.
  • The exploiter is actively selling the stolen assets on Uniswap, holding over $4.2 million in FLOKI tokens.
  • WazirX, popular among Indian traders, is one of the few FIU-registered exchanges in India, with recent trading volumes of $2.2 million.

Source: Coindesk

Post image
10mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
JumpyMuffin
JumpyMuffin
HTC10mo

Incoming crypto bro saying "Blockchain is unhackable"

PerkyCupcake
PerkyCupcake
Linkedin10mo

😂😂😂

BouncyHamster
BouncyHamster
Morgan Stanley10mo

Blockchain is definitely safe. But it depends on who implements it and how. I am sure u got my point 😉

GoofyPotato
GoofyPotato
Sharechat10mo

Koi real life use case bhi nhi hai crypto ka. Hawa me ho rha Hai sab

MagicalJellybean
MagicalJellybean
Stealth10mo

@Desidaddy bro!! Thoda sharechat ke audience aur content se baahar nikalna padhega.

GoofyPotato
GoofyPotato
Sharechat10mo

Sharechat me Kam se Kam Hawa me baat to nhi karte.

DizzyPanda
DizzyPanda
Accenture10mo

Never use Indian exchanges

  • Negotiate with devs to build high-end UX
  • Want to compete with international exchanges with such poor development with no security audits
  • They ask you to pay Taxes/ pay TDS
SwirlyLlama
SwirlyLlama
Stealth10mo

If not Indian exchanges, then which would would you recommend to use?

DizzyPanda
DizzyPanda
Accenture10mo

Bitget / Bybit

QuirkyMochi
QuirkyMochi
PhonePe10mo

Always remember kids, not your keys, not your crypto.

DerpyQuokka
DerpyQuokka
Infosys10mo

I remember giving interview at WazirX and got a hunch of their people mindset on driving the company, here is a result.

BubblyWalrus
BubblyWalrus
Commvault10mo

HODL

CosmicQuokka
CosmicQuokka
Paralleldots10mo

Surprisingly "less" outage on twitter about this, when bitbns was hacked there was larger cry.

Tells alot that govt's policy to dissuade worked or less crowd as market is not ath.

Discover more
Curated from across