Bitcoin, SHIB Trade at 30% Haircut on WazirX as Exploiter Converts Stolen Loot to Ether

WazirX was hit by a security breach in one of its multisig wallets on Thursday, causing over $100 million in shiba inu (SHIB) and $52 million in ether, among other assets, to be drained from the exchange. The stolen funds accounted for over 45% of the total reserves cited by the exchange in a June 2024 report – effectively dampening hopes of a recovery among users.

Original Source: https://www.coindesk.com/markets/2024/07/19/bitcoin-shib-trade-at-30-haircut-on-wazirx-as-exploiter-converts-stolen-loot-to-ether/?utm_medium=referral&utm_source=rss&utm_campaign=headlines