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2 days ago · November 13, 2024, 22:05 PST. Why Trust Cryptonews. Indian police recently arrested an individual allegedly linked to the July cyber attack on crypto exchange WazirX, which caused around $234m in losses. SK Masud Alam, from West Bengal, allegedly created a fake account to carry out the cyberattack, local outlet India Today reported Thursday.
Aug 12, 2022 · The Modus Operandi. The agency is probing at least ten cryptocurrency exchanges for allegedly laundering more than Rs 1,000 crore as proceeds of crime from the firms accused in the instant loan-app case.
Jul 22, 2024 · Indian crypto exchange WazirX has temporarily paused all trading after hackers stole $230 million in funds on Thursday. The company said the crypto was stolen from one of its multisig wallets, which need two or more private keys to validate and authorise transactions.
3 days ago · WazirX also offered a $23 million bounty to incentivize the recovery of stolen funds and announced a $10,000 reward in USDT for any community member providing actionable intelligence. However, the hacker has yet to make any communications. Amount of different assets lost in the WazirX hack. Source: Elliptic Research Customers are Outraged Over Missing Out on the Bull Market
Jul 19, 2024 · WazirX, one of the country’s major cryptocurrency firms, suffered one of the biggest cyberattacks on an Indian exchange after hackers allegedly stole more than $230 million of users’ holdings, which was nearly half of the platform’s reserves.
Jul 18, 2024 · WazirX, one of India’s largest cryptocurrency exchanges, lost hundreds of millions to a multisig wallet hack on Thursday, July 18, which is being blamed on North Korean hacking organization Lazarus...
Sep 25, 2024 · On-chain data shows the hacker, or hacker group, behind the massive theft has almost completed laundering the stolen funds.
Jul 28, 2024 · We believe in keeping our community well-informed, especially in light of recent events. To this end, we are providing a day-wise report on actions taken after the cyber attack on July 18, 2024. We will update this blog frequently to inform you about our progress and the steps we are taking.
Jul 19, 2024 · Update. WazirX has announced a bug bounty program in response to a cyber attack to help uncover "actionable intelligence" that could lead to the freezing of the stolen assets, in addition to offering a reward equivalent to 10% of the recovered amount.
Aug 29, 2024 · WazirX, India’s largest domestic cryptocurrency exchange, had approximately 50% of its assets, amounting to over $230 million, stolen from one of its main trading wallets by criminals despite having robust security measures in place to prevent such an occurrence. The breach resulted in a loss of over INR 1900 crores (approximately $230 million).
