Reports are surfacing that a cryptocurrency exchange has been drained of $234 million.
Indian crypto exchange WazirX’s Safe Multisig wallet on the Ethereum network has apparently been compromised, per data from CYVERS.
A total of $234.9M has been moved to a new address. Each transaction’s caller is funded by TornadoCash.
PeckShield also reported about this exploit in a recent tweet.
The suspicious address has swapped PEPE, GALA, and USDT to ETH and continues to swap other digital assets.
A decentralized exchange targeted in a multi-million-dollar exploit has recovered its losses just days after the incident, thanks to an unexpected twist involving the hacker themselves.
A recent cyberattack targeting a UK government official’s social media account has highlighted ongoing concerns over digital impersonation and crypto scams.
A former NFT trader is facing potential prison time after admitting to hiding millions in profits from the IRS through undeclared sales of high-value digital assets.
Cybersecurity researchers are sounding the alarm after discovering a new and increasingly sophisticated attack targeting the crypto community.