Crypto stollen from WazirX in India
WazirX the Indian cryptocurrency exchange got hacked and hackers stole $230 million in crypto. This is almost half of the WazirX total reserves. Right now, they’ve paused all the withdrawals and approached the legal authorities. They were top bitcox exchange in India. How did they suffered major security breach? Is it wakeup call for Government and other crypto exchanges around the World? Are such crypto exchange secure to deal with? What could be alternative to WazirX?
The WazirX cyberattack is not just the biggest security breach of a cryptocurrency exchange in India, but is among the top hacks in the world, too. The incident highlights the security challenges that cryptocurrency exchanges face, and how they have become a target for hackers worldwide.
the only thing WazirX stated was “This is a force majeure event beyond our control, but we are leaving no stone unturned to locate and recover the funds” As per the news in Indian Express the address of the affected WazirX wallet was listed as 0x27fD43BABfbe83a81d14665b1a6fB8030A60C9b4.