As a seasoned researcher with extensive experience in the cryptocurrency market, I’ve witnessed numerous hacks and cyberattacks over the years. However, the recent WazirX hack has left me deeply concerned for several reasons.
The rapid dissemination of the WazirX hack news led to a significant decrease in Shiba Inu (SHIB) value, causing it to fall approximately 10% within a short time frame. This decline pushed the price down from $0.00001886 to $0.0000174.
As a crypto investor, I’ve closely monitored the latest developments in the digital currency market. According to my analysis using Lookchain, a renowned blockchain analytics firm, approximately 5.43 trillion SHIB tokens, equivalent to around $102 million, were stolen during the recent security breach at WazirX. This staggering amount surpasses the quantities of other stolen cryptocurrencies like Ethereum (ETH), Polygon (MATIC), Pepe the Frog Inu (PEPE), and Tether (USDT) in this incident. The prices for these digital currencies have subsequently suffered declines as investors react to the news.
The newest information unveils that the hacker has successfully sold SHIB tokens valued at $618,000, with a remaining balance of approximately $95.4 million in their wallet. The price drop of SHIB following the WazirX security breach intensifies worry among crypto enthusiasts, as the downward trend persists.
For a reward of approximately $8,000 in ARKM tokens, Arkham Intelligence is seeking valuable intel on the individual behind the WazirX hack.
Swiftly, cryptocurrency investigator ZachXBT has collected the reward, presenting undeniable proof that links the hacker to a verified KYC deposit address which had previously received funds from the WazirX breach.
A large-scale cyberattack on WazirX may lead to significant disruption in the cryptocurrency market, causing anxiety among investors and traders who anticipate a potential steep decline in the value of the impacted digital currencies.
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2024-07-18 15:03