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Topic: WazirX hacked, $234M+ stolen - page 2. (Read 368 times)

legendary
Activity: 1652
Merit: 1208
Gamble responsibly
July 21, 2024, 02:26:00 AM
#9
This is one of the reasons it is not good to leave your coins on exchanges.
Relax man, you know that funds are SAFU.  Cheesy
Can you give a broad explanation about this? Do you have a link about WazirX customers fund that are SAFU? Even if the fund are in SAFU, what is the probability that customers will get their coins if the exchange lost significant amount?

Not your key not your coin is not about lost of coins alone, it is also about people having the control over their coins at anytime they need the coins. What I read last was that WazirX withdrawal has been disabled.
legendary
Activity: 1722
Merit: 5937
July 19, 2024, 09:10:02 AM
#8
Ethereum hacking has become more popular with Tornadocash and with their plans to expand and this technical error, I do not think they will survive in the next bear market.
From what I understand, hack didn't happen because some issue with Ethereum but because of the human error. They simply signed the trasnaction they shoulnd't have.



With robust protection funds like those of Bitget, users shouldn't be concerned. Alternatively, they can diversify to a platform without a hacking record, like the one I mentioned earlier.
You just can't miss an opportunity to shill Bitget, don't you? With that being said, no exchange should be used as a bank, including Bitget as nothing is 100% foolproof.





jr. member
Activity: 219
Merit: 3
July 19, 2024, 05:35:38 AM
#7
News about Indian exhange WazirX being hacked is all over the twitter and looks like attacker withdrew several altcoins and then swapped them to ETH. Still no cofnirmation from the xchange about being hacked so its best to take this news with the grain of salt until official confirmation or more details.


https://x.com/CyversAlerts/status/1813834131165286464

Is there a specific reason why it was switched to ETH? With robust protection funds like those of Bitget, users shouldn't be concerned. Alternatively, they can diversify to a platform without a hacking record, like the one I mentioned earlier.
legendary
Activity: 2758
Merit: 4074
July 19, 2024, 02:31:05 AM
#6
Ethereum hacking has become more popular with Tornadocash and with their plans to expand and this technical error, I do not think they will survive in the next bear market.
hero member
Activity: 2786
Merit: 902
yesssir! 🫡
July 18, 2024, 06:57:56 PM
#5
What that surprised me is that it is an ethereum multisig wallet. I have not heard of multisig wallet hack before until today and that made me to really be surprised.

Looks like perps were able to compromise their wallet interface hence wazirX team were not aware of what they actually signed. 🤔

The cyber attack stemmed from a discrepancy between the data displayed on Liminal’s interface and the transaction’s actual contents,” said WazirX in a statement on Thursday. “During the cyber attack, there was a mismatch between the information displayed on Liminal’s interface and what was actually signed. We suspect the payload was replaced to transfer wallet control to an attacker.”
hero member
Activity: 3234
Merit: 775
🌀 Cosmic Casino
July 18, 2024, 08:10:55 AM
#4
looks like attacker withdrew several altcoins and then swapped them to ETH.
This might have been the reason why Shiba inu was dumped today.

This is one of the reasons it is not good to leave your coins on exchanges.
It's never been a good thing to leave funds in exchanges. But, most of those that keep their funds on exchanges like wazirx are traders and folks that wants to liquidate their funds as soon as the market has a sudden change.
legendary
Activity: 1722
Merit: 5937
July 18, 2024, 03:44:21 AM
#3
What that surprised me is that it is an ethereum multisig wallet. I have not heard of multisig wallet hack before until today and that made me to really be surprised.
Yep, didn't expect that. Anyway, its been official now as WazirX confirmed that there's been a "breach" and all withdrawals have been paused.

This is one of the reasons it is not good to leave your coins on exchanges.
Relax man, you know that funds are SAFU.  Cheesy
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
July 18, 2024, 02:54:04 AM
#2
You posted this before me earlier. I will lock the thread that I created about this.

What that surprised me is that it is an ethereum multisig wallet. I have not heard of multisig wallet hack before until today and that made me to really be surprised.

This is one of the reasons it is not good to leave your coins on exchanges.
legendary
Activity: 1722
Merit: 5937
July 18, 2024, 02:38:26 AM
#1
News about Indian exhange WazirX being hacked is all over the twitter and looks like attacker withdrew several altcoins and then swapped them to ETH. Still no cofnirmation from the xchange about being hacked so its best to take this news with the grain of salt until official confirmation or more details.


https://x.com/CyversAlerts/status/1813834131165286464
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