Cyvers in the News

Half Of Investors’ Funds Gone From WazirX In Massive Breach

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^{Cyvers Alerts reported unauthorized transactions} involving their Safe Multisig wallet in which funds were moved to a different wallet on the Ethereum network, suspecting a massive hack at WazirX.

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The transactions reportedly originated from accounts funded by TornadoCash, a cryptocurrency mixing service commonly used to obfuscate transaction trails, which made the experts at Cyvers suspicious.

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^{Cyvers alleged that the transferred funds were swiftly converted} from various digital assets like $PEPE, $GALA, and $USDT into Ethereum ($ETH) and further into other digital assets.

WazirX Protocol - REKT

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^{Cyvers sounded the alarm shortly after the attack}, detecting multiple suspicious transactions being funded by Tornado Cash making moves on the platform.

WazirX $235 Million Hack: North Korean Hackers Suspected Behind Heist

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According to security platform ^{Cyvers, which flagged multiple suspicious transactions from the platform,} hackers moved over $234.9 million worth of funds from WazirX to a new address. The security firm noted that transactions from crypto mixing service Tornado Cash initiated the hack, highlighting potential concerns about the source of the funds.

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^{Cyvers reported that the address linked to the hackers} had begun converting PEPE, GALA, and USDT into Ethereum. The security firm confirmed active swapping of other assets as well.