A single malicious transaction led to $230M drained from WazirX
Indian crypto exchange WazirX lost over $230 million worth of assets after addresses governing its multisig wallet were compromised. Cyvers was the first to flag the outflows, identifying the compromise of WazirX’s Safe wallet by a Tornado Cash-funded attacker on the Ethereum network. ALERTHey @WazirXIndia, Our system has detected multiple suspicious transactions involving your Safe Multisig wallet on the #ETH network. A total of $234.9M of your funds have been moved to a new address. Each transaction's caller is funded by @TornadoCash. The suspicious… pic.twitter.com/4sajAwd4Hb — Cyvers Alerts (@CyversAlerts) July 18, 2024 Read more: Hackers switching to centralized exchanges to fund crypto attacks The alert was followed up by crypto sleuth ZachXBT , who shared the Hack er’s primary address, later receiving a bounty for identifying a further funding source that came from an exchange with know-your-customer (KYC) procedures. WazirX’s acknowledgment of the ‘secu...