WazirX, which brands itself as India premier Bitcoin Exchange, has experienced a significant data breach, leading to the theft of over $230 million (approximately Rs 1,920 crore) in digital assets.
The company witnessed withdrawals in the early European hours on Thursday as a security breach affected one of its wallets, causing the loss of user funds.
While WazirX confirmed the breach, the company said it is currently investigating the outflows and has temporarily suspended all withdrawals.
“We have identified two more exploited smart contracts. Our team is still investigating the incident. For the time being, we have opened up a secluded website to revoke all approvals. Your funds are at risk until you revoke,” the company added.
Early blockchain data tracked by Lookonchain indicates that around $100 million worth of Shiba Inu (SHIB) tokens were withdrawn, marking the largest loss among the funds, followed by $52 million in Ether (ETH), $11 million in Matic's MATIC, and $6 million in Pepe (PEPE).
According to a report in Coindesk, blockchain sleuth Elliptic indicated that North Korea-linked hackers appear to be behind the attack.
"Transactional data shows the exploiter is actively selling the stolen holdings using the on-chain exchange Uniswap. The exploiter has yet to sell their ETH holdings and holds over $4.2 million in FLOKI tokens," the report said.
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