WazirX, one of India’s largest crypto exchanges, lost over $234 million in a high-profile exploit. The breach involved WazirX’s Ethereum-based multi-signature wallet.
Cyvers, a leading web3 security resource, confirmed the loss amounting to $234.9 million. On-chain data verifies this sum.
Etherscan data indicates the hack started at 06:19 UTC, beginning with 4.1 Gnosis (GNO) moved from a WazirX wallet. Various assets like meme coins PEPE and SHIB were also siphoned.
Hackers created several addresses to conceal the funds, ultimately swapping tokens for Ethereum (ETH) using Uniswap V3. Three identified addresses still hold the stolen funds.
The primary address involved holds 15,296 ETH worth $52.5 million, with other holdings totaling $25.1 million across 100 tokens. Floki (FLOKI) is the second-largest single holding at $4.7 million.
WazirX confirmed the breach on X, stating its security team is investigating. Withdrawals in crypto and Indian rupees (INR) have been paused.
The exploit follows a series of recent incidents in the crypto scene. Two days ago, decentralized cross-chain protocol LI.FI lost over $8 million in an exploit. A report showed hack incidents cost $176.2 million in June alone.
