Large sums of money were taken by hackers from the India-based cryptocurrency exchange WazirX.
An examination of on-chain data indicates that the exchange lost more than $230 million in cryptocurrency during the event, according to blockchain tracking company Lookonchain.
$52.5 million in Ethereum (ETH), $102 million in Shiba Inu (SHIB), $11.24 million in Polygon (MATIC), $7.6 million in Pepe (PEPE), $3.5 million in Gala (GALA), and $5.79 million in Tether (USDT) are among the stolen funds.
According to Lookonchain, the hacker is cashing out and has sold every PEPE and SHIB token they have taken.
“Wallet “0x04b2” is now disposing of these assets; thus far, it has disposed of 640.27B PEPE, or $7.6 million.
For 26,535 ETH ($92 million), WazirX Exploiter sold every 5.43T SHIB!“
WazirX acknowledges the compromise of its platform and says it is looking into the matter.
One of our multisig wallets had a cyberattack that resulted in a loss of money surpassing $230 million. Starting in February 2023, this wallet was used to run using Liminal’s digital asset custody and wallet infrastructure services.
In order to safeguard customer cash, the exchange claims it is also momentarily stopping withdrawals.
Even though this is an uncontrollable force majeure situation, they are making every effort to find and retrieve the money. They have already contacted the affected wallets to arrange for recovery and stopped a few deposits. They are in contact with the greatest resources to assist them with this attempt.
