Cryptocurrency Q&A
Which is the biggest crypto exchange hacked in India?
Which is the biggest crypto exchange hacked in India?
Maria
Fri Oct 11 2024
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answers
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The biggest crypto exchange hacked in India is WazirX. It was reported that WazirX suffered a security breach in July 2024, resulting in the theft of over $230 million worth of cryptocurrencies from its multisig wallet. The incident has caused significant damage to the exchange and raised concerns about the security of cryptocurrency exchanges in India.
5 answers
CryptoVanguard
Sun Oct 13 2024
The attack targeted a multisig wallet, a type of digital wallet that requires multiple signatures for funds to be transferred. Despite this added layer of security, the hackers managed to penetrate the system, raising concerns about the overall safety of crypto exchanges.
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emma_carter_doctor
Sun Oct 13 2024
In response to the breach, WazirX immediately paused withdrawals to prevent further losses and announced a drop in the value of its native token, WRX. The move aimed to stabilize the platform and reassure users amidst the chaos.
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DigitalEagle
Sun Oct 13 2024
On July 18th, the cryptocurrency landscape in India was shaken by a major security breach at WazirX, the country's premier crypto exchange. The incident resulted in the theft of a staggering $230 million worth of funds, marking one of the largest crypto heists in recent memory.
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Valentina
Sun Oct 13 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the diverse needs of crypto enthusiasts. Its offerings include spot trading, futures trading, and wallet services, among others. By providing a secure and comprehensive platform, BTCC strives to set itself apart in the competitive crypto market.
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alexander_clark_designer
Sun Oct 13 2024
Among the assets stolen were Shiba Inu tokens, a popular cryptocurrency known for its meme-inspired origins. The breach, which has been speculated to be linked to North Korea, underscored the importance of robust security measures in the crypto space.
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