Indian crypto exchange falls victim to $235M hack

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Cointelegraph2024/07/18 07:46

By:Josh O'Sullivan

Cyvers Alert announced X on July 18, stating that the Web3 security firm has detected "multiple suspicious transactions" involving WazirX’s Safe Multisig wallet on Ethereum.

According to the post , it is believed that $234.9 million of funds in the Safe Multisig wallet have been moved to a new address, with each transaction’s caller funded by Tornado Cash, the decentralized protocol for private transactions.

The address has already swapped shifted funds comprised of Tether (USDT), Pepe (PEPE), and Gala (GALA) into Ether ( ETH ).

Indian crypto exchange falls victim to $235M hack image 0

Source: Cyvers Alerts

This is a developing story, and further information will be added as it becomes available.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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