The $230 million crypto theft at Wazirx a wake-up call for Indian regulators, government

Incident Overview:
WazirX, a leading Indian cryptocurrency exchange, recently suffered a significant security breach resulting in the theft of approximately $234.9 million in various cryptocurrencies. The assets stolen include SHIB, ETH, MATIC, PEPE, USDT, and GALA. The hacker used compromised WazirX servers to collect signatures from failed transactions​

Response and Impact:
WazirX has temporarily halted withdrawals to secure user assets while the investigation continues. The hack has caused a significant drop in the prices of affected cryptocurrencies, with Shiba Inu (SHIB) experiencing a notable decline. Analysts predict further market impacts as the hacker liquidates more assets.

Suspected Perpetrators:
The hack is suspected to be linked to North Korean hackers, possibly associated with the notorious Lazarus Group, known for previous high-profile cybercrimes​ .