India’s largest cryptocurrency exchange, WazirX, has suspended its trading services following a significant hacking incident. The cyberattack, suspected to be carried out by North Korea’s infamous Lazarus Group, resulted in the theft of over $235 million in digital assets, including Shiba Inu, Ethereum, PEPE, and GALA.
To protect user funds, WazirX has paused both trading and withdrawals, as the hack has impacted their ability to maintain asset collateralization. The exchange has launched a comprehensive investigation, which includes forensic data analysis and a security audit, to address the breach and resume withdrawals.
In an effort to recover the stolen assets, WazirX has filed a police report, contacted over 500 exchanges to block the hacker’s addresses, and initiated a bounty program. Additionally, users have reported receiving scam emails from impersonators promising reimbursement through airdrops, prompting WazirX to warn its community to remain vigilant against further fraudulent activities.
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