The online system in the country has made people's lives very easy, but along with this, cases of cyber fraud are also increasing rapidly. Recently a case of big theft has come to light, in which cryptocurrency worth about Rs 2 thousand crore has been stolen. Let us know what the whole matter is.
What is the matter?
WazirX is one of the leading cryptocurrency exchanges in the country. People transact cryptocurrency worth crores of rupees through this platform. Recently, crypto currency worth about 230 million dollars i.e. about 2 thousand crores rupees has been stolen from a wallet of WazirX. This incident happened on July 18 and due to this thousands of people's money has disappeared. WazirX has reported this theft on CERT.in, and an FIR has also been registered in this matter in the Cyber ​​​​Cell of Delhi Police.
How did the theft happen?
Now the question arises that when multiple signatures are required for transactions on WazirX, how was such a big theft possible? Government agencies are also investigating this.
What does WazirX say?
WazirX has provided the wallet numbers of the stolen cryptocurrency on its website. An investigation by cyber experts revealed that about 200 transactions were made from the wallets on July 18. The plan for this theft started on July 10.
Opinion of cyber experts
According to cyber experts across the country, there is a fixed fee for transferring cryptocurrency. The thug has used a mixing service called Tornado Cash to transfer crypto worth around $1080 to his wallet. Tornado Cash is a mixing service that makes it difficult to track who has sent the money and where it has gone.
Experts' advice
Experts have advised people on this big cryptocurrency theft case. At present, the stolen funds are present on the blockchain, and due to this, they cannot be used right now. To use these funds, it will be necessary to bring them into the real world. This case once again highlights the seriousness of cryptocurrency security and tells people the need to be vigilant.
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