WazirX hacked or a Biggest Scam of Indian Crypto Market? : WazirX News

A Huge Scam or hacking transaction of WazirX was finally Detected by Web3 security firm Cyvers. So now many Indian Crypto Investors are losing approximately $235M+ USD which is a huge amount for Indian Crypto Users in today’s time. Even before, such an exchange had happened in Indian Crypto Exchanges, but such a move with the sudden huge value of WazirX Losses. Recently, Cyvers has reported the news of the hacking of WazirX which led to some suspicious activities, multiple unknown transactions, and a loss of $235M+. Indian Crypto Users have started raising questions about WazirX’s securities, Cold/Offline Wallet, and Web3 Technology. Recently, after the claim of Adverse, WazirX company has also accepted that the Indian Government can take major action due to hacking of Wazirx. Actually, many people believe that this hack probably happened due to the weak system of Wazirx and the lack of proper crypto regulation in India. Based on this, Indian Crypto Investors feel that after Nischal Shetty’s move to Dubai, Zanmai Lab is failing to maintain WazirX properly.

WazirX hacked, Indian Government Against WazirX, Zanmai Lab Failed, Cyvers Alerts, Bitcoin Crash

However, WazirX officially uses ‘Safe Multisig Wallet‘ for the security of its assets. Also, Cyvers Alerts have detected the transition to another state of WazirX. But it is difficult to trace whether the WazirX trading has moved or is really Hacked. However, WazirX’s securities are considered top-rated, which also includes foreign investors. In this way, the hacking of WazirX starts matters up to an international level like Do Kwon, FTX, and UnoCoin. The recent hacking and scamming of WazirX can raise a big question between the Indian Government and WazirX. It is being said till now that if the funds of WazirX users are not recovered then the Indian Government can ban and delete WazirX. A total of $234.9M of your funds have been moved to a new address. Each transaction’s caller is funded by TornadoCash.  The suspicious address has already swapped $PEPE, $GALA, and $USDT to $ETH and continues to swap other digital assets. In the future, We Will See a Major announcement from WazirX, Tornado Cash, and Cyvers Alerts to confirm the detection of a Scam or Hack. Also, WazirX has another billion USD market cap which holds the largest Crypto Demand in India. Secondly, Indian Crypto Users believe that WazirX securities, Programming, and Web3 Technology are continuously failing. Because even in 2021, WazirX faced software issues, hardware issues, or network problems after some time.