In a shocking turn of events, Indian cryptocurrency exchange WazirX has fallen victim to a massive security breach, losing approximately $235 million. The startling news came to light when blockchain security firm Cyvers Alerts tweeted about the incident, revealing that the stolen funds were transferred to a new address. Further investigation showed that each transaction was linked to the notorious crypto mixer, Tornado Cash, known for its use in laundering illicit cryptocurrency.

As the details emerged, it became evident that the attacker had swiftly moved to swap the stolen assets. Among the cryptocurrencies seized were Pepe (PEPE), Gala (GALA), and Tether (USDT), which were quickly converted into Ether (ETH) through a series of transactions. The hackers didn't stop there; they also pilfered significant amounts of Polygon (MATIC), Floki Inu (FLOKI), Shiba Inu (SHIB), 1Inch (1INCH), Uniswap (UNI), and the FTX Token.

The repercussions of this heist were immediate and severe. WazirX's native token, WRX, experienced a dramatic 15% drop in value as panic spread among investors and traders. The exchange is working closely with blockchain security experts to track the stolen assets and identify the perpetrators behind this audacious attack.

This incident highlights the ongoing vulnerabilities in the cryptocurrency space and serves as a stark reminder of the importance of robust security measures in protecting digital assets. As the crypto community awaits further developments, the WazirX hack will undoubtedly fuel discussions about the future of security in the rapidly evolving world of digital finance.