WazirX: WazirX suffers security breach; cybersecurity firm pegs hack at $234.9 million
“We’re aware that one of our multisig wallets has experienced a security breach,” WazirX said in a post on X (formerly Twitter). “Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused.”
As per Web3 security firm Cyvers, “multiple suspicious transactions” were detected involving WazirX’s Safe Multisig wallet on Ethereum.
According to their post on X, it is believed that $234.9 million of funds in the Safe Multisig wallet were moved to a new address, with each transaction’s caller funded by Tornado Cash, a fully decentralized protocol for private transactions on Ethereum.
“The suspicious address has already swapped $PEPE (Pepe), $GALA (Gala), and $USDT (Tether) to $ETH (Ether) and continues to swap other digital assets,” Cyvers claimed.
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It added that they had tried to contact WazirX but did not receive a response.
