WazirX, India’s leading crypto exchange, was hacked on July 18, 2024, for over $230 million in digital assets. The attack targeted a multisignature wallet and forced the exchange to suspend withdrawals. Investigations suggest a possible North Korean link.
This hack highlights security concerns in Indian crypto exchanges, especially with government regulations looming. Competitor exchanges have assured user security, but the incident has shaken investor confidence.
The WazirX hack exposes the risks of crypto investments and emphasizes the need for strong security practices. As India’s crypto market navigates this situation, stricter regulations and enhanced security are likely on the horizon.
WazirX Hack: $230 Million Lost from India’s Top Crypto Exchange
