WazirX was recently hacked, resulting in the theft of all PUSH token reserves held on the platform. Push Protocol officials said that the attacker sold all PUSH token reserves belonging to WazirX users, causing the price of the currency to fall by 48%. The stolen PUSH tokens have been tracked to an Ethereum address identified by Push Protocol.
Push Protocol founder Harsh said: "We are currently communicating with the WazirX team to consider a plan of action that can be taken," indicating that the team is working hard to resolve the situation and may mitigate the impact on the affected users.
It is reported that the circulating supply of PUSH is 60 million. According to Harsh's comments, "All the stolen user reserves on Wazirx were sold. The remaining 55 million remain in the hands of the community and other exchanges, users, investors, etc."
As of press time, CoinGekco data shows that PUSH is temporarily reported at US$0.09684, with a 24H drop of 33.8%. (CryptoSlate)