• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
Crypto

Crypto Exchange WazirX Temporarily Halts Trading Service Amid Exploit Craze

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a sudden and alarming development within the Indian cryptocurrency market, WazirX, the nation’s largest digital asset exchange has temporarily suspended its trading services following a recent hack incident faced by the platform in the prior week. This action was necessary in response to the hack on the exchange, which has a sizable user base and is essential to the nation’s developing cryptocurrency industry.

WazirX Puts Crypto Trading Services On Hold

Last week, the India-based crypto exchange WazirX became the latest victim of a cyber attack, which has become a major discussion within the crypto community. The incident is believed to be linked with the famous North Korean hackers known as Lazarus Group.

Related Reading: $235 Million Crypto Theft from WazirX Was ‘Perpetrated’ By North Korean Hackers, Report Reveals

According to the exchange, the hackers targeted one of its multi-sig wallets, leading to the loss of millions of digital assets. Data from on-chain tracker Cyvers Alerts revealed that the criminals stole over $235 million involving major digital assets like Shiba Inu, Ethereum, PEPE, and GALA, among others. However, the exchange has acted quickly to protect the funds of its users by halting its trading activities as a result of the breach, which has caused major concerns about the security of digital assets on the platform.

WazirX noted that the cyberattack theft had affected the platform’s capacity to keep its 1:1 collaterals with assets, which is why the trading services were suspended in order to prevent more damage. It is worth noting that the team also suspended withdrawals last week after the platform was attacked so as to protect its user’s funds. “Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused,” the team stated.

Even though the team has temporarily paused trading services and withdrawals on the platform, they have highlighted their commitment to carrying out extensive forensic data examination and security audit procedures to quickly facilitate withdrawals.

In the meantime, the platform intends to restore customer assets, track down the embezzled funds, and carry out a more thorough investigation of the cyberattack. Thus the crypto platform has filed a complaint to the police, reached out to over 500 exchanges to block the hacker’s address, and initiated a bounty program to retrieve the stolen assets.

Fake Reimbursement Plan Email From The Cybercriminals

WazirX crypto trading suspension comes after receiving multiple complaints from its users about an ongoing scam Email from impersonators, implying to reimburse victims of their stolen funds through an airdrop strategy. 

Related Reading: WazirX Hack: X Users Raise Alarm Over Scam Email

The scam mail indicates that the criminals are still actively targeting WazirX users. Therefore, the team has urged users to remain vigilant in times like these, as the criminals could devise more ways to target users while they aggressively track and deal with these fraudulent operations.

Crypto
Overall crypto market cap at $2.392 trillion | Source: TOTAL on Tradingview.com
Featured image from iStock, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Godspower Owie

Godspower Owie

Follow

Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Full Profile

Related Posts

Crypto Exchange WazirX

WazirX’s Long Road Ends: Singapore Court Clears Way For User Crypto Distribution

2 hours ago
Rynek kryptowalut stabilizuje się

Rynek kryptowalut stabilizuje się po konflikcie handlowym na linii USA–Chiny

3 hours ago
Binance betaalt $283M aan gebruikers - start dit altseason 2025?

Binance betaalt $283M aan gebruikers – start dit altseason 2025?

3 hours ago
$HYPER Buyers Lose Nothing in $19B Crash: Raises $23.3M in Record Time

$HYPER Buyers Lose Nothing in $19B Crash: Raises $23.3M in Record Time

3 hours ago
These Next 1000x Cryptos Are a Smart Bet as Tether CEO Says BTC Will Survive Anything

These 3 Next 1000x Cryptos Could Outlast the Market as Tether CEO Backs Bitcoin’s Durability

6 hours ago
$BNB, $DOGE, & $ETH Rebound: Is $PEPENODE the Next Crypto to Explode?

$BNB, $DOGE, & $ETH Rebound: Is $PEPENODE the Next Crypto to Explode?

6 hours ago

Premium Sponsors

Press Releases

  • Bitcoin Hyper ระดมทุนพุ่ง 23...

    9 hours ago
  • Magacoin Finance: Learn Why Traders are Snapping Up the First and Only MAGA-Themed Cryptocurrency.

    Magacoin Finance: Learn Why Traders are Snapping Up the...

    10 hours ago
  • BNB

    ChatGPT предвижда BNB да достигне $2,500...

    3 days ago
  • Maxi Doge นักสู้เหรียญมีมยืนโพสท่าในสังเวียนมวย

    Binance-Peg DOGE นำโด่ง Top 11...

    4 days ago
  • Find Out Why Whales are Rushing to Buy Bitcoin Hyper’s $22M Presale—Plus, Our $HYPER Price Prediction.

    Find Out Why Whales are Rushing to Buy Bitcoin Hyper’s...

    4 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.