This is a news story, published by CoinGape, that relates primarily to SHIB news.
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Indian crypto exchangeCoinGape
•63% Informative
Indian crypto exchange WazirX faced a huge security breach this week .
Hack led to a loss of over $230 million worth of crypto assets, including SHIB , ETH , PEPE, MATIC, and others.
The use of Tornado Cash by exploiters has made the situation even more complicated.
The path to recovery for the stolen funds is fraught with challenges.
WazirX update on hack indicates active participation of forensic team, there is a high chance investors might be able to get back their money.
The Indian exchange has contacted over 500 CEXs for cooperation, which could expedite recovery.
The involvement of the entire crypto community, including exchanges and blockchain analytics firms, can significantly enhance chances of tracing and recovering the stolen assets.
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