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Friday, July 19, 2024
WazirX, India's leading crypto exchange, took a massive $235 million hit when it's Safe multisig wallet crumbled under a devastating breach.
Cyvers sounded the alarm shortly after the attack, detecting multiple suspicious transactions being funded by Tornado Cash making moves on the platform.
They attempted to contact WazirX during the explicit, but it was too late, as the attacker was already swapping the stolen tokens to ETH and making their exit.
Roughly half an hour later, WazirX confirmed the security breach and that they were pausing withdrawals.
WazirX is sliding into number 7 on the infamous Rekt Leaderboard, right behind this year’s biggest hack, so far, DMM Bitcoin, which lost $304 million at the end of May.
DMM Bitcoin was another centralized exchange that fell victim to a multisig compromise.
How many times do we need to be reminded of not your keys, not your crypto?
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We are all rekt.