Tether USDt

Ethereum

Polygon

Shiba Inu

Gala

Over $230 million worth of assets have been illicitly transferred from WazirX&#39;s wallet to the wallet &#34;0x04b2.&#34; This significant breach has led to widespread concern within the cryptocurrency community.The stolen assets encompass a wide range of cryptocurrencies, some of the most notable being SHIB, <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">ETH</a>, MATIC, PEPE, USDT, and GALA. Specifically, 5.43 trillion SHIB tokens valued at approximately $102 million, 15,298 Ethereum (ETH) coins worth $52.5 million, 20.5 million MATIC tokens totalling $11.24 million, 640.27 billion <a href="https://blockchainreporter.net/pepe-price-prediction-a-new-meme-coin-to-watch/" rel="noopener noreferrer nofollow">PEPE</a> tokens amounting to $7.6 million, 5.79 million USDT valued at $5.79 million, and 135 million GALA tokens worth $3.5 million have been <a href="https://x.com/lookonchain/status/1813854735340126239" rel="noopener noreferrer nofollow">reported </a>stolen.These assets represent a significant portion of the funds held by WazirX, one of India&#39;s largest cryptocurrency exchanges.<h2 id="header-0">Hacker&#39;s Activities</h2>The wallet &#34;0x04b2,&#34; which received the stolen assets, has been actively dumping these tokens on the market. This has raised concerns about potential market impacts and the devaluation of the affected cryptocurrencies. The hacker has already dumped 640.27 billion PEPE tokens, worth $7.6 million, causing a notable disturbance in the PEPE market.This incident marks one of the largest thefts in WazirX&#39;s history, highlighting significant security vulnerabilities. The exchange is expected to take immediate action to mitigate the damage and enhance its security protocols to prevent future breaches. The theft&#39;s impact is profound, affecting not only WazirX&#39;s financial stability but also its reputation and trust within the cryptocurrency community.The hacker&#39;s ongoing sale of stolen assets is likely to cause further volatility in the cryptocurrency market. Dumping large quantities of tokens such as SHIB, PEPE, and others can lead to significant price drops, affecting investors and traders. The community is cl

$230M in Assets Stolen from WazirX Wallet

Table of Contents

BlockchainReporter

Other articles published on Jul 18, 2024

Vladimir Putin Calls for Regulation of Bitcoin Mining to Prevent Power Outages in Russia

Render (RNDR) Price Breakout Suggests Potential 50% Upside

What is Ethereum and How Is It Different From Bitcoin?

Zeebu (ZBU) Price Prediction: SMA Breakout Hints Massive Bull Run to $10

Zeebu Token2049 Podcast Recap: Tokenomics 101 – Key Takeaways from Raj Brahmbhatt

Discover High-Potential Presales

Join our free newsletter for daily crypto updates!