Hacks and Exploits in WazirX During Q3: Impact on DeFi
Hacks and Exploits in Cryptocurrency
In the latest findings by Immunefi, reports indicate that hackers have perpetrated significant hacks, nabbing $409 million worth of cryptocurrency in Q3. With additional losses of $3 million attributed to fraud, this surge in exploits raises alarms within the cybersecurity landscape.
WazirX's Role in the DeFi Crime Wave
As one of the prominent exchanges, WazirX has found itself in the crosshairs of cybercriminals. The ongoing crime wave in the decentralized finance (DeFi) sector has left exchanges vulnerable, manifesting in dramatic financial repercussions. Investors must stay informed and employ rigorous security practices to mitigate risks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.