Indian crypto exchange(Wazirx) falls victim to $235M hack

R

r4hul

Galvanizer
Warzix safe wallet got hacked
Web3 security firm Cyvers has detected “multiple suspicious transactions" involving WazirX’s Safe Multisig wallet on Ethereum.

According to the X post, it is believed that $234.9 million of funds in the Safe Multisig wallet of the Indian crypto exchange have been moved to a new address, with each transaction’s caller funded by Tornado Cash, the decentralized protocol for private transactions
 
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variablevector said:
"hacked multisig" aka "rogue team member with access to multiple private keys" aka "exit scam"

A moment of silence for all the idiots who keep funds on crypto exchanges long term. You were warned a million times.
Click to expand...
As of right now my Spidey tingling is saying the same "rogue team member" or "exit scam"
 
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I would seek legal advice. Also seems the parent company in Singapore is going the legal route to recover users assests. Might wanna follow up with that.

www.indiatoday.in

WazirX's parent firm seeks Singapore court's nod to recover users' stolen assets

WazirX, which lost USD 230 million in assets to a massive cyberattack in July, is seeking Singapore High Court's nod to a restructuring scheme for its users to recover their stolen assets, its parent firm Zettai said.
www.indiatoday.in www.indiatoday.in
 
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