Crypto Exchange WazirX Sees $230M in Suspicious Withdrawals, Largely $100M in SHIB Token

One of the exchange's multisig wallets had experienced a security breach, the exchange confirmed in an X post.

Crypto exchange WazirX saw over $230 million in withdrawals in early European hours Thursday as a security breach affected one of its wallets, causing the loss of user funds.

"We're aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident," the exchange confirmed in an X post."To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused.

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