WazirX 

WazirX faced a major crisis due to a hacker attack that resulted in a loss of $234 million.

WazirX Hack: Chances to Getting Refunds are Very Small

<img src="https://static.bittime.com/cms-static/upload/Wazir_X_Hack_f64134fdd4.webp" alt="WazirX Hack" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=airdrop&amp;cn=400005">Bittime</a> -&nbsp;WazirX, one of the largest crypto exchanges in India, is facing a major crisis due to a hacker attack that resulted in a loss of $234 million, around 45% of total customer funds.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;" dir="ltr">WazirX Restructuring</h2>This situation forced WazirX to undergo a restructuring process in order to save the company.&nbsp;However, according to WazirX's legal advisor, the chances for customers to recover all their funds through this restructuring process are very low.Nischal Shetty, co-founder of WazirX, revealed in a press conference that at least 43% of customer funds may not be recovered.&nbsp;Meanwhile, George Gwee, director of restructuring firm Kroll, said that in the best case scenario, customers could only get back around 55% to 57% of their funds.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/pencurian-kripto-platform-trading-wazirx">Crypto Theft: WazirX Trading Platform Loses Over $230 Million!</a>&nbsp;&nbsp;<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">WazirX Experience Hacker Attack</h2>In July this year, WazirX suffered a hacker attack that caused huge losses. Realizing the magnitude of this loss, WazirX stated that it could only provide customers with access to the remaining funds, which is around 55% of the total existing funds.&nbsp;This condition causes great concern among customers, especially considering the large percentage of funds lost. WazirX's legal advisor emphasized that the possibility of recovering lost funds, especially those valued in US dollars, is highly dependent on improving market conditions.&nbsp;Although WazirX promised to make every effort to close this funding gap, they also admitted that it would be very difficult to fully cover the losses that had occurred.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/dogsairdrop?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/airdrop_dogs_bittime_14f57ae441.webp" alt="airdrop dogs bittime.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">WazirX Recovery Effort</h2>The Singapore High Court is scheduled to hear WazirX's request for protection for 6 months while it tries to restructure its obligations following the huge loss.&nbsp;This request was submitted by Zettai, a Singapore-based company, which is the parent of Zanmai India, the company that operates WazirX.Nischal Shetty explained that the data currently available is temporary and may change in the next few weeks. WazirX is still in the negotiation and planning stages, with the hope of narrowing the gap in lost funds.&nbsp;Even so, customers still have to be patient and wait for the final results of this restructuring effort. Especially with it is very unlikely that WazirX will fully recover the client's funds in the form of crypto-assets.&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/pelaku-pencurian-kripto-wazirx">The perpetrator of the crypto theft at WazirX is suspected to be a North Korean hacker&nbsp;</a>&nbsp;&nbsp;<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=airdrop&amp;cn=400005">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=airdrop&amp;cn=400005"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=airdrop&amp;cn=400005"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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WazirX Hack.webp

WazirX Hack: Chances of Customers Getting Refunds are Very Small

Indian crypto currency Wazirx is facing a major crisis. As a result, users cannot make withdrawals (withdraw funds) because they are frozen. Read more in this article.

Wazirx withdrawals are frozen, what happens to users?

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Wazirx withdrawals are frozen, what happens to users.webp

There were 16 hacking incidents that occurred during the month of July, with total losses totaling approximately $266 million.  

Recap of Hacking Incident in July 2024

<img src="https://static.bittime.com/cms-static/upload/Recap_of_Hacking_Incident_in_July_2024_8f18c6f55f.webp" alt="Recap of Hacking Incident in July 2024" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;According to a report from blockchain security company PeckShield, there were 16 hacking incidents that occurred during July, with total losses reaching around $266 million.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register??content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Biggest Hacking Incidents in July</h2><img src="https://static.bittime.com/cms-static/upload/Peretasan_Juli_2024_e1a1d73e42.webp" alt="Peretasan Juli 2024" width="880" height="2000">Source: Twitter.com/PeckShieldAlert&nbsp;In the list of 10 hacking incidents with the biggest losses, hacking against WazirX took the top spot with losses reaching $230 million. Hacking against one of India's largest CEXs accounted for nearly 86% of the total losses recorded during the month of July 2024.&nbsp;&nbsp;Apart from WazirX, there was also an incident on the Compound platform which contributed to a loss of $24 million. This attack allegedly involved governance mechanisms, which could be a warning signal for other decentralized platforms to further strengthen governance protocols.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Hacking Incident on Other Platforms</h2>Apart from the two major hacks above, there were several other hacking incidents that also caused significant losses.<ol style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">LI.FI, losses totaled $9.73 million.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Bittensor, loss of $8 million.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">RhoMarkets, the loss reached $7.6 million, but the lost funds were recovered.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Terra, lost approx $4 million.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">DoughFinance, loss of $1.86 million.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Minterest, loss of $1.4 million.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">MonoSwap, loss approx $1.3 million.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Delta Prime, losses totaled $1 million, but managed to recover $900,000 of lost funds.</li></ol>Although some platforms such as RhoMarkets and Delta Prime managed to recover some of their funds, these incidents still represent significant risks for blockchain and DeFi platforms.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Impact of Hacking in July</h2>This series of hacks that occurred in July 2024 is a reminder of the importance of security in the crypto world. Such huge losses not only harm the hacked company or platform, but also undermine investor and user confidence in the security of the crypto ecosystem as a whole.Security in the crypto world has always been a crucial topic, especially with the development of technology and the emergence of various new platforms. Although many platforms have improved security protocols, hacking incidents like this show that there are still loopholes that can be exploited by irresponsible parties.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Recap of Hacking Incident in July 2024.webp

Recap of Hacking Incident in July 2024, Losses Reach $266 Million!

WazirX halts trading after a cyberattack steals $235 million. A bounty program was launched to recover assets

WazirX Trading Stopped

<img src="https://static.bittime.com/cms-static/upload/Wazir_X_Trading_Stopped_0d0300199d.webp" alt="WazirX Trading Stopped" width="2048" height="1152"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en?cn=400001">Bittime</a> - WazirX halts trading after a cyberattack steals $235 million. A bounty program was launched to recover assets, while more than 500 exchanges were contacted to block theft addresses. The importance of Web3 community support and broad collaboration was emphasized.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">WazirX Trading Stopped</h2>After a cyberattack stole $235 million, India's leading crypto asset exchange, WazirX, halted trading. In response, WazirX launched a bounty program to encourage experts and the community to help recover stolen assets.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">Many Exchanges are contacted to Block Address Theft</h2>More than five hundred exchanges were contacted by exchanges to block addresses linked to the theft and cooperate with law enforcement as well as forensic experts.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="cara trading di bittime" width="2985" height="620"></a>Nischal Shetty, one of the founders, stressed the importance of extensive cooperation to trace the funds, file police reports, and notify authorities such as CERT-In and the Financial Intelligence Unit (FIU).<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">The Importance of Web3 Community Support</h2>It is considered that Web3 community support is critical to resolving this issue. Additionally, Binance will return to India to pay a $2 million fine for non-compliance.&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">Attack On WazirX Includes Largest Exchange Hack</h2>This attack involving WazirX, which was followed by a $305 million DMM exploit, was the second-largest centralized exchange hack in recent memory. According to crypto investigator ZachXBT, the perpetrator's wallet still holds more than $104 million.&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">Conclusion</h2>A cyberattack that stole $235 million from one of India's leading crypto asset exchanges, WazirX, has halted trading. WazirX launched a bounty program that engages the community and experts to help recover stolen assets. More than 500 exchanges were contacted to prevent theft. They work closely with law enforcement and forensic experts to do so.WazirX co-founder Nishal Shetty emphasized that broad cooperation is essential to trace stolen funds and report them to authorities such as CERT-In and FIU. The Web3 community is also considered important for solving this problem. Additionally, Binance will return to India to pay a $2 million fine as a result of its previous failure to comply with regulations.The recent attack on WazirX and its $305 million DMM exploit was the second largest centralized exchange hack. The perpetrators still had more than $104 million in their wallets, according to ZachXBT, a crypto investigator. This situation shows that crypto exchanges are vulnerable to cyberattacks, and that strict security measures and community support are essential to mitigate the effects of such attacks.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How To Buy Crypto With Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via&nbsp;Bittime&nbsp;. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor price chart movements of<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;Bitcoin (BTC)</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Total value of Ethereum (ETH) currently held by WazirX hackers has reached 59,097 ETH.

Total ETH Held by WazirX Hackers

<img src="https://static.bittime.com/cms-static/upload/Wazir_X_Hackers_0bf42baffd.webp" alt="WazirX Hacker" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;WazirX, one of the largest crypto exchanges in India, recently suffered a cyber attack. Based on Spot On Chain monitoring, the total value of Ethereum (ETH) currently held by hackers has reached 59,097 ETH.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Total ETH Held by Hackers</h2>NThe total value of Ethereum (ETH) currently held by hackers has reached 59,097 ETH, with a total value of around $201 million. Of this amount, 15,298 ETH (worth $52 million) was stolen directly from exchanges, while 43,799 ETH (worth $149 million) was obtained by selling assets such as SHIB, MATIC, and PEPE.<h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Details of Assets Stolen from WazirX</h2><img src="https://static.bittime.com/cms-static/upload/Wazir_X_a8225a3e5d.webp" alt="WazirX" width="1436" height="1482">In this attack, hackers managed to obtain various types of assets with enormous value. The following are details of the assets that were stolen and sold by the attacker to obtain ETH.<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">15,298 ETH (worth $52 million) was stolen directly from the exchange.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">5.43 trillion SHIB (worth $90.2 million).</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">20.5 million MATIC (worth $10.2 million).</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">640.27 billion PEPE (worth $7.48 million).</li></ul>The attacker was also known to still hold approximately $12 million in other altcoins, including CHR, CELR, OOKI, and FRONT.<h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Stealing Assets and Converting them to ETH</h2><img src="https://static.bittime.com/cms-static/upload/ETH_Wazir_X_df336582bc.webp" alt="WazirX" width="1444" height="1382">After successfully stealing and selling various assets, the hacker has not yet taken the next step with the ETH he owns. The hacker may still be planning his next move or waiting for the right time to sell and use the ETH.In addition, this attack also causes WazirX loss of various other assets, including 5.79 million USDT and 26.28 billion FLOKI.Meanwhile, the hacker has sold all of PEPE, GALA, RNDR, COS, OGN, and REQ to gain 5,270 ETH (worth $18.14 million) and is apparently still selling more assets to gain ETH.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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WazirX Hacker.webp

Total ETH Held by WazirX Hackers Reaches 59,097 ETH

WazirX, India's leading crypto exchange, suffered a massive $235 million hack, allegedly carried out by North Korean hackers.

WazirX Hacked for $235 Million and North Korea Is Allegedly Behind It?

thumbnail_WazirX Hacked for $235 Million and North Korea Is Allegedly Behind It?

Previously, WazirX was suspected of experiencing crypto asset theft. Hackers from North Korea are suspected of being the culprit. 

Crypto Theft Perpetrators of WazirX

<img src="https://static.bittime.com/cms-static/upload/Crypto_Theft_Perpetrators_of_Wazir_X_d27e51c89f.webp" alt="Crypto Theft Perpetrators of WazirX" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Previously, WazirX, one of the largest exchanges in India is suspected of experiencing crypto asset theft. Losses are estimated at $235 million. Related crypto assets even experienced a significant decline in price.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Chronology of Theft Incidents at WazirX</h2>According to analysis from Elliptic, more than $235 million in crypto assets have been moved from wallets WazirX to another wallet identified as "0x04b2". This wallet is known to have started selling stolen assets.Assets stolen from the platform WazirX covers various types of crypto. The total value of lost assets is estimated at $235 million, and the most stolen was SHIB.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?=cn400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">The Alleged Perpetrator is North Korean Hackers</h2>Elliptic, a blockchain analysis provider, suspects the involvement of a hacking group supported by the North Korean state. The group is known for previous cyber attacks targeting financial institutions and crypto platforms around the world.&nbsp;This allegation adds a geopolitical dimension to the WazirX theft incident, given North Korea's long history of using criminal cyber activities to fund their state programs.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">WazirX Response&nbsp;</h2>WazirX has issued an official statement regarding this incident and promised to cooperate with global authorities to thoroughly investigate this case. They also emphasized their commitment to strengthening security protocols to prevent similar incidents in the future.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Crypto Theft Perpetrators of WazirX Allegedly a North Korean Hacker 

Crypto Theft: Trading Platform WazirX Lost Over $230 Million!

<figure class="image"><img style="aspect-ratio:2048/1152;" src="https://static.bittime.com/cms-static/upload/Crypto_Theft_039b8daff6.webp" alt="Crypto Theft.webp" width="2048" height="1152"></figure><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Trading platform WazirX has reportedly lost more than $230 million in crypto assets. The stolen assets were allegedly removed from the wallet WazirX to another known wallet.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Details of Crypto Asset Theft from the Platform WazirX</h2>Aset-assets stolen from the platform WazirX covers various types of crypto. The total value of lost assets is estimated at $230 million, and the most stolen was SHIB.&nbsp;According to ZachXBT, more than $230 million in crypto assets were abnormally moved from wallets WazirX to wallet "0x04b2". And the wallet is currently selling the stolen assets.<img src="https://static.bittime.com/cms-static/upload/Wazir_X_edab3f6880.webp" alt="WazirX Pencurian Kripto" width="745" height="1200">Source: Twitter.com/lookonchain&nbsp;<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Impact on Crypto Markets</h2>Theft of crypto assets from the platform WazirX has an impact on the price of the associated crypto asset. After news of this theft spread, the price of the stolen tokens decreased in a short time:<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">SHIB fell over 5% in an hour and is currently trading at $0.00001778.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">GALA fell 4.8% in an hour and is currently trading at $0.025.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">MATIC fell 1.7% within an hour and is currently trading at $0.5415.</li></ul>This price decline reflects market concerns about the impact of this massive theft on liquidity and confidence in related assets.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">No response yet from&nbsp;WazirX&nbsp;</h2>In the middle, WazirX has not provided an official statement regarding this incident. Therefore, WazirX It is hoped that steps will be taken immediately to resolve this situation and prevent further losses. Additionally, users are advised to monitor their accounts and report suspicious activity to the team WazirX.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.