Cryptocurrency theft of $230 million at WazirX

India’s WazirX cryptocurrency platform has suffered a theft of at least $230 million in cryptocurrency. Several blockchain security companies have detected millions of digital coins being transferred from the platform before WazirX confirmed a security breach. This event highlights the growing risks in the cryptocurrency industry, which often remains unregulated. Even platforms with advanced security measures, such as WazirX, can be vulnerable, putting customers’ funds at risk and raising doubts about the effectiveness of current protections. Elliptic security company linked the theft to North Korean hackers.