An Indian crypto exchange called WazirX saw $230 million worth of assets drained after “a security breach in one of its multi-sig wallets,” CoinDesk reports. The losses were nearly half of the exchange’s total assets. Crypto is seeing some political winds blow in its favor, but security remains an unsolved issue in blockchain-land.

WazirX Hacked for $230M, Largely in SHIB, as Elliptic Says North Korea Behind Attack

An Indian crypto exchange called WazirX saw $230 million worth of assets drained after “a security breach in one of its multi-sig wallets,” CoinDesk reports. The losses were nearly half of the exchange’s total assets. Crypto is seeing some political winds blow in its favor, but security remains an unsolved issue in blockchain-land. WazirX Hacked for $230M, Largely in SHIB, as Elliptic Says North Korea Behind Attack One of the exchange's multisig wallets experienced a security breach, the exchange confirmed in an X post. https://www.coindesk.com/business/2024/07/18/crypto-exchange-wazirx-sees-230m-in-suspicious-withdrawals-largely-100m-in-shib-token/?utm_source=thisweekinstartups.beehiiv.com&utm_medium=newsletter&utm_campaign=a-massive-crypto-hack-eu-s-tech-troubles-and-coast-s-fascinating-40m-round

Sam Mendoza

It seems, that keeping funds on small CEXs is always full of risks
We just need to keep the funds onchain in private wallets

It seems, that keeping funds on small CEXs is always full of risks We just need to keep the funds onchain in private wallets

Bobby

They're always telling us to be safe.  But why are these whales always getting attacked?  

My conspiracy theory 🧐🤨
It may be not a hack, Binance has their keys and now they will play blame games on each other.  Still, investors money is GONE.  
in other words, its not a hack, its another rug pull

They're always telling us to be safe.  But why are these whales always getting attacked?    My conspiracy theory 🧐🤨 It may be not a hack, Binance has their keys and now they will play blame games on each other.  Still, investors money is GONE.   in other words, its not a hack, its another rug pull

Sam Mendoza

A group of likeminded people in Crypto are talking about this.