Crypto Exchange BingX Hacked, Onchain Data Shows Over $43M Drained
Hacker have moved the stolen assets to decentralized exchanges.
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Hacker have moved the stolen assets to decentralized exchanges.
WazirX founder Nischal Shetty claimed earlier this month that the ultimate owner of the crypto exchange was Binance – a statement the latter has denied.
The project is offered on both Arbitrum and Avalanche blockchains. Monday’s exploit impacted only the version on Arbitrum as of European morning hours.
The hacker, widely suspected to be an entity from North Korea, moved $6 million in stolen funds for the first time last week.
NEAR’s ‘HiJack’ character (NEAR)
Lara Trump’s X account was hacked to promote an apparent crypto scam. (Anna Moneymaker/Getty Images)
Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.
It is extremely unlikely that WazirX customers will be made whole in crypto terms through the restructuring, legal advisers of the Indian cryptocurrency exchange said.
Indian rival CoinSwitch said it is likely to sue the hacked crypto exchange, where $9.6 million worth of deposits were held.
Indian cryptocurrency exchange WazirX, which suffered a $230 million exploit in July, is ending its relationship with custody provider Liminal.