Another Bitcoin exchange has been hacked, this time with $235 million stolen.
The second major cyber attack in the crypto world this year has been reported. WazirX, one of India’s largest exchanges, lost $235 million to hackers.
WazirX, one of India’s largest exchanges and previously backed by Binance, has fallen victim to the second-largest cyber attack of the year. A total of $235 million was stolen from the exchange.
Massive Heist in the Crypto World
The attack was discovered after wallet monitoring accounts raised alarms. It was reported that $235 million worth of crypto assets were stolen from the exchange’s multi-signature wallet on Ethereum, with the funds being laundered through Tornado Cash. The attackers reportedly planned the attack for six days.
The attackers quickly sold $130 million worth of crypto assets, converting them to dollars. They are currently in the process of liquidating the remaining $105 million. The exchange has suspended deposit and withdrawal transactions. However, it seems unlikely that the stolen assets will be recovered. In recent weeks, a Japanese exchange also lost $305 million, bringing the total stolen in the first seven months of the year to $540 million.
