WazirX suffers massive cyber security breach, loses $234 mn

New Delhi: India's leading cryptocurrency exchange WazirX on Thursday said it has suffered a massive data security breach, resulting in the alleged transfer of about $234 million worth of digital assets to a different address, as crypto exchanges continue to face the regulatory heat.

The crypto platform confirmed the security breach on social media platform X and has temporarily paused customer withdrawals from the exchange. "We’re aware that one of our multi-sig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused," said the company.