WazirX Exchange Hacked, Over $230 Million Lost

On July 18, the Indian cryptocurrency exchange WazirX suffered a cyber attack, resulting in the theft of over $230 million in assets from their multi-signature wallets.

Azcnews Wazirx Exchange Hacked, Over $230 Million Lost

According to data from Lookonchain, over $230 million in assets have been suspiciously transferred from WazirX wallets to the “0x04b2” wallet, which is believed to be controlled by hackers. Subsequently, the “0x04b2” wallet began liquidating these assets, having sold 64.027 trillion PEPE tokens worth approximately $7.6 million.

Currently, a total of $234.9 million has been transferred to various new addresses. On-chain data indicates that the funds from each hacking transaction were funneled through Tornado Cash, a service known for its privacy features.

In response to this breach, WazirX has acknowledged a security vulnerability in their wallets and has temporarily halted withdrawals to safeguard their users. Following this announcement, the price of WazirX’s native token, WRX, plummeted by 7.77%, dropping to $0.16 without any clear signs of recovery.


WazirX is one of India’s leading cryptocurrency exchanges, renowned for its user-friendly interface and advanced trading features. The platform enables users to quickly and easily buy, sell, and trade cryptocurrencies. WazirX offers an online open order book system, allowing trading in more than 80 digital assets, including Bitcoin, BNB, Bitcoin Cash, Litecoin, Dash, and many others.

Despite its prominence, this security incident raises significant concerns about the exchange’s robustness and the overall safety of digital assets on such platforms. It highlights the need for enhanced security measures and more rigorous oversight within the cryptocurrency industry. Users and stakeholders are now keenly watching how WazirX will address and rectify these vulnerabilities to restore confidence in their operations. This incident serves as a stark reminder of the ongoing risks in the rapidly evolving world of digital finance.

(1 vote)

5.0/5

(1 vote)

Latest

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

How To Join The Metamask Airdrop 

Airdrops | Editor Choice

How to Join the MetaMask Airdrop 

Join the Metamask airdrop hunt, the most popular blockchain wallet in crypto is having a 90-day point earning program.

Binance Delists 3 Altcoins, Prices Instantly Swing

News | Altcoin | Editor Choice

Binance Delists 3 Altcoins, Prices Instantly Swing

Binance’s unexpected decision to delist three altcoins — FLM, KDA, and PERP — has sent shockwaves through the crypto market, triggering intense volatility. Yet, in a surprising twist, FLM surged, defying all conventional market logic.

The Pattern Is Repeating, Xrp Predicted To Surge To $15

News | Altcoin | Editor Choice

The Pattern Is Repeating: XRP Predicted to Surge to $15

This wave of optimism follows a strong market rebound after the sharp correction on October 10, reigniting hopes that XRP may be entering a new breakout cycle.

Bitcoin Unlikely To Rally Until The Us–china Deal Is Finalized

News | Bitcoin | Editor Choice

Bitcoin Unlikely to Rally Until the US–China Deal Is Finalized

Bitcoin continues to swing sharply around the $116,000 resistance level as markets hold their breath ahead of two major events: the Federal Reserve’s rate decision and the outcome of the US–China trade negotiations.

Screenshot 2025 10 20 091338