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.

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This cyberattack on WazirX is a stark reminder of the importance of robust security measures in the cryptocurrency industry. It's crucial for exchanges to continuously strengthen their defenses against such threats to protect user funds and maintain trust in the market.