WazirX

North Korea stole over $659M in crypto heists during 2024, deploys fake job seekers

North Korean-backed hackers stole at least $659 million through multiple cryptocurrency heists in 2024, while also deploying IT workers to infiltrate blockchain companies as insider threats, according to Japan, South Korea and the United States in a rare joint statement (PDF) on Tuesday. The announcement provided the first official confirmation that North Korea was behind […]

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WazirX customers unlikely to recover full funds after $230M heist

Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any

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WazirX to ‘socialize’ $230 million security breach loss among customers

Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to “socialize” the $230 million loss from its recent security breach among all its customers, a move that has sent shockwaves through the local crypto community. The Mumbai-based firm, which suspended all trading activities on its platform last week following the cyber attack that compromised

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WazirX halts trading after $230 million hit to crypto exchange

WazirX, one of India’s largest cryptocurrency exchanges, has suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security breach. The Mumbai-based exchange said in a tweet that the cyber attack had substantially impaired its ability to maintain the critical 1:1 collateral ratio with assets,

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India’s WazirX confirms security breach following a $230M ‘suspicious transfer’

Indian crypto exchange WazirX on Thursday confirmed it had suffered a security breach after about $230 million in assets were “suspiciously transferred” out of the platform earlier in the day. The Mumbai-based firm said one of its multisig wallets had suffered a security breach, and it was temporarily pausing all withdrawals from the platform. A

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