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Topic: Indian crypto exchange falls victim to $235M hack (Read 61 times)

legendary
Activity: 1652
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Gamble responsibly
What I do not get is that it is a ethereum multisig wallet. How was it possible that the hackers were able to compromise the multisig wallet.

You can read it from https://cointelegraph.com/news/indian-crypto-exchange-wazirx-hack-235m

According to the post, it is believed that $234.9 million of funds in the Safe Multisig wallet have been moved to a new address, with each transaction’s caller funded by Tornado Cash, the decentralized protocol for private transactions.

The address has already swapped shifted funds comprised of Tether (USDT), Pepe (PEPE), and Gala (GALA) into Ether

https://cointelegraph.com/news/indian-crypto-exchange-wazirx-hack-235m
https://x.com/CyversAlerts/status/1813834131165286464

This is one of the reasons it is not good to leave your coins on exchanges.
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