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Hackers have breached and siphoned large amounts of assets from India-based crypto exchange WazirX.
According to blockchain tracking firm Lookonchain, an analysis of on-chain data shows that the exchange lost more than $230 million worth of crypto in the incident.
The stolen funds include $52.5 million worth of Ethereum (ETH), $102 million worth of Shiba Inu (SHIB), $11.24 million worth of Polygon (MATIC), $7.6 million worth of Pepe (PEPE), $3.5 million worth of Gala (GALA) and $5.79 million in Tether (USDT).
“More than $230M of assets have been abnormally transferred from the WazirX (@WazirXIndia) wallet to the wallet “0x04b2”.
Lookonchain says that the hacker is dumping funds and has so far sold all of the stolen PEPE and SHIB tokens.
“Currently, wallet “0x04b2” is dumping these assets, and has dumped 640.27B PEPE ($7.6M).
WazirX Exploiter has sold all 5.43T SHIB for 26,535 ETH ($92M)!”
WazirX confirms that its platform was compromised and is investigating the incident.
“A cyber attack occurred in one of our multisig wallets involving a loss of funds exceeding $230 million. This wallet was operated utilizing the services of Liminal’s digital asset custody and wallet infrastructure from February 2023.”
The exchange says it is also temporarily suspending withdrawals to protect user funds.
“This is a force majeure event beyond our control, but we are leaving no stone unturned to locate and recover the funds. We have already blocked a few deposits and reached out to concerned wallets for recovery. We are in touch with the best resources to help us in this endeavor.”
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