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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...

Crypto SIM swap scams have been on the rise lately.  Pseudonymous blockchain sleuth ZachXBT recently brought to light that more than $13.3 million had been siphoned off in the last four months. Around 54 swaps were targeted at people in the crypto industry. A SIM swap scam is a type of fraud where hack ers take control of victims’ mobile phone numbers. This typically relies on “social engineering.” Perpetrators trick cell phone network customer service operators into revealing personal information about targeted users. Hackers then use that information to get through security tests and port the phone numbers to new SIM cards and phones that they control. Over the past four months $13.3M+ has been stolen as a result of 54 SIM swaps targeting people in the crypto space. When an account is compromised scammers attempt to create a sense of urgency with a fake claim to drain your assets. Never use SMS 2FA and instead use an… pic.twitter.com/Fu1C3syQJE ...