The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The security breach at an Indian crypto exchange, WazirX, has resulted in the loss of over $230 million worth of crypto assets.
Impact of the Breach
The hackers have been actively converting the stolen assets into Ethereum and have transferred funds to a new address, using a privacy-enhancing tool to obscure the movement of funds.
As a result, the exchange has temporarily paused withdrawals to ensure the safety of assets.
Response and Investigation
The attack was initially reported by Cyvers Alert, and on-chain investigators have noted that the hackers still hold significant amounts of certain cryptocurrencies.
- The situation is ongoing, and further updates will be provided as more information becomes available.
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