WazirX, one of the largest crypto exchanges in India by trade volume, is the latest victim of a high-profile exploit, losing over $234 million in multiple crypto assets.

Cyvers, a leading web3 security resource, spotlighted the breach earlier today, confirming that it involved WazirX’s Ethereum-based multi-signature wallet. Notably, on-chain data confirms that the losses have amounted to $234.9 million at the reporting time. 

Per Etherscan data, the hack began today at 06:19 UTC, with the first transaction involving the movement of 4.1 Gnosis (GNO) from a WazirX wallet to the exploiters’ address. The hackers have since siphoned multiple assets, including meme coins Pepe (PEPE) and Shiba Inu (SHIB).

Several addresses have been created to mask the funds, with the exploiters moving …