• WazirX loses over $230M in a massive security breach.
• Hacker actively dumping assets on the market.
• Significant holdings of SHIB, ETH, MATIC, and PEPE involved.
• WazirX and law enforcement investigating the incident.

Unprecedented $230M Crypto Heist Hits WazirX

Lookonchain reported, In an unprecedented security breach, WazirX, one of India’s leading cryptocurrency exchanges, has suffered a massive theft of over $230 million in crypto assets. The hacker transferred the assets to a wallet identified as “0x04b21735e93fa3f8df70e2da89e6922616891a88” on Etherscan and has since been actively liquidating these holdings on the market.

The stolen assets include:

• 5.43 trillion SHIB valued at $102.1 million
• 15,298 ETH valued at $52.5 million
• 20.5 million MATIC valued at $11.24 million
• 640.27 billion PEPE valued at $7.63 million
• 5.79 million USDT valued at $5.79 million
• 135 million GALA valued at $3.5 million

Other assets involved in the heist are FTM, LINK, FET, JASMY, DENT, CHR, SAND, HOT, COTI, 1INCH, CELR, among others, contributing to a total loss of approximately $230 million.

Hacker’s Ongoing Asset Dumping

The hacker has been systematically dumping these stolen assets on the market, causing significant price drops. Notably, 640.27 billion PEPE tokens, valued at $7.63 million, have already been liquidated. This large-scale sell-off has led to considerable market fluctuations, affecting the prices of the involved cryptocurrencies and causing panic among investors.

WazirX is working closely with cybersecurity experts and law enforcement agencies to investigate the breach and trace the hacker. The exchange has advised users to monitor their accounts closely and avoid panic selling, assuring that measures are being taken to secure the platform and prevent further breaches.

The full list of stolen assets includes:

• SHIB: 5,433,750,000,000 ($102,100,209)
• ETH: 15,298 ($52,524,251)
• MATIC: 20,501,141 ($11,236,388)
• PEPE: 640,270,000,000 ($7,625,611)
• USDT: 5,792,699 ($5,792,699)
• GALA: 135,117,290 ($3,500,323)
• FTM: 6,330,249 ($3,222,844)
• LINK: 201,643 ($2,796,790)
• FET: 1,578,831 ($2,320,882)
• JASMY: 76,549,784 ($2,266,646)
• DENT: 1,987,714,714 ($1,945,436)
• CHR: 6,761,419 ($1,858,876)
• SAND: 4,788,329 ($1,644,709)
• HOT: 859,316,236 ($1,622,827)
• COTI: 13,718,412 ($1,362,142)
• 1INCH: 2,879,624 ($1,237,352)
• CELR: 78,601,036 ($1,143,944)
• Others: $25,785,957

The ongoing dumping of these assets continues to impact the market, and WazirX has called on other exchanges to be vigilant and report any suspicious activities related to these stolen funds.