WazirX

In a dramatic twist for India&#39;s crypto scene, WazirX, one of the big names in cryptocurrency exchanges, <a href="https://cryptotale.org/crypto-exchange-wazirx-hacked-230-million-stolen/" rel="noopener noreferrer nofollow">got hit by a cyber hack back in July</a>. Now the big guns- the Financial Intelligence Unit (FIU), Intelligence Bureau (IB) and the Indian Computer Emergency Response Team (CERT-In)- are on the investigation.The damage is a whopping Rs 2,000 crore, equivalent to $234 million stolen without any evidence. Now, tons of users are left hanging, wondering about refunds and if their digital dough is gone for good.These agencies have been huddling up with WazirX&#39;s executives trying to figure out what went down. It&#39;s a full-on investigation mode with the FIU looking into the money trail, the IB checking out security lapses, and CERT-In dealing with the tech mess.Related: <a href="https://cryptotale.org/north-korean-hackers-suspected-in-235-million-wazirx-cryptocurrency-theft/" rel="noopener noreferrer nofollow">North Korean Hackers Suspected in $235 Million WazirX Cryptocurrency Theft</a>WazirX has been pretty upfront, handing over all sorts of logs from servers, laptops, transaction details, and even blockchain addresses that might be linked to the hack. To lay out the facts, the outlook of this hack is quite devastating. They&#39;ve already said that nearly 43% of their users might not see their crypto assets again, with most of the affected users being from India.And just when an investor might think it couldn’t get worse, the hackers have started moving the stolen crypto. <a href="https://cryptotale.org/north-korean-hackers-move-11m-in-stolen-eth-to-tornado-cash/" rel="noopener noreferrer nofollow">Reports say</a> they’re using Tornado Cash, a crypto mixer that makes it tough to track where the money&#39;s going.<a href="https://cryptotale.org/government-agencies-probe-into-wazirxs-234m-crypto-hack/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Government Agencies Probe Into WazirX’s $234M Crypto Hack

CryptoTale

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