WazirX Hack: In July 2024, Indian cryptocurrency exchange WazirX suffered a cyberattack resulting in the loss of approximately $234.9 million. The attack was attributed to the North Korean hacking group Lazarus. The exchange ceased operations following the breach, and legal proceedings are ongoing to address the aftermath.

Cybersecurity remains a critical concern in the evolving landscape of cryptocurrency exchanges. The WazirX hack serves as a stark reminder of the importance of robust security measures to safeguard user funds. Collaboration between industry stakeholders and regulators is key to enhancing protection against such threats.