Your complete reserve of PUSH tokens held on WazirX used to be stolen following the recent security breach, leading to the theft of over $230 million in digital resources. The hack, which occurred on July 18, 2024, has sent shockwaves via the crypto crew and resulted in a prime tumble in the value of affected tokens.

Per Push Protocol, the developer of the PUSH token, the exploiter, sold 100% of the PUSH token reserves belonging to WazirX customers. This big sell-off contributed to a Forty eight% decline in PUSH token value. The stolen PUSH tokens have been traced to an Ethereum address identified by Push Protocol. As of press time, PUSH has recovered to 23% to $0.099, leading to a discover 34% decline since the day past.

Harsh, the founder of Push Protocol, provided an abnormal observation to CryptoSlate, stating, “We are at display communicating with the WazirX crew to search what's going to also be the thought of action,” indicating that efforts are underway to address the intention back and potentially mitigate the impact on affected customers.

WazirX took instant action in accordance to the hack, immediate suspending all deposits and withdrawals to remain additional losses. The change has also launched a bounty program offering up to $23 million for files leading to the recovery of the stolen funds.

ZachXBT has urged that the hack can also very successfully be linked to North Korean actors in accordance to similarities in the types of services broken-down and transactional behavior noticed in previous attacks attributed to North Korean hackers.

Push Protocol has a circulating provide of 60 million tokens. Harsh commented,

“100% particular person reserves on the exploited change (Wazirx) used to be sold. Final 55M stays with the crew and with other exchanges, customers, investors, and many others.”

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Liam 'Akiba' Wright

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Also called "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized abilities has the skill to invent frequent definite alternate.

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