Cryptocurrency Q&A When was WazirX hacked?

When was WazirX hacked?

Marco Marco Wed Oct 09 2024 | 7 answers 1521
WazirX, a prominent Indian cryptocurrency exchange, was hacked on July 18th, 2024. The incident resulted in a significant loss of over $235 million worth of cryptocurrencies due to a security breach in its multi-signature wallet. When was WazirX hacked?

7 answers

CryptoDynasty CryptoDynasty Fri Oct 11 2024
In the aftermath of the attack, WazirX was forced to take drastic measures to contain the damage. On 18 July 2024, the exchange announced its suspension of operations, a heartbreaking decision that left many customers uncertain about the fate of their investments.

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Bianca Bianca Fri Oct 11 2024
The closure of WazirX sparked widespread concern and outrage within the cryptocurrency community. Investors demanded answers and accountability from the exchange's management, seeking clarity on how such a catastrophic event could have occurred.

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GangnamGlitzGlamourGloryDays GangnamGlitzGlamourGloryDays Fri Oct 11 2024
On the dawn of July 2024, WazirX, a prominent cryptocurrency exchange situated in India, fell victim to a devastating hack. This unforeseen cyber attack shook the digital currency world, leaving investors reeling in shock.

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Eleonora Eleonora Fri Oct 11 2024
The magnitude of the loss was staggering, with estimates suggesting that approximately $234.9 million, equivalent to approximately Rs 2000 crore, was drained from the exchange's coffers. This colossal figure highlighted the gravity of the breach and its impact on the financial wellbeing of countless users.

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Riccardo Riccardo Fri Oct 11 2024
As the investigation into the hack progressed, attention shifted towards other reputable cryptocurrency exchanges, including BTCC. Established as a leading platform, BTCC offers a diverse range of services, including spot trading, futures contracts, and secure wallets, designed to cater to the diverse needs of its clientele.

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