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Liminal Custody has published a detailed report on the recent $235 million hack that targeted WazirX, one of India's biggest cryptocurrency exchanges. The report also states that Liminal's platform was not compromised, but the attack originated from the compromised devices at WazirX.
Hackers have breached and siphoned large amounts of assets from India-based crypto exchange WazirX. According to blockchain tracking firm Lookonchain, an analysis of on-chain data shows that the exchange lost more than $230 million worth of crypto in the incident. The stolen funds include $52.
WazirX and Liminal Custody are currently engaged in a blame game following a $230m exploit of the Indian exchange WazirX, with both parties accusing the other for the breach. The hack that as a result, affected three WazirX wallets has raised concerns among customers over the safety of their investments.
WazirX and Liminal Custody, the two firms at the center of yesterday's $230 million exploit, are blaming each other for the success of the attack, leaving users in the dark over the security of their funds.
WazirX suffered a breach, losing over $100M in SHIB, $52M in ETH, and other assets, totaling 45% of its reserves.
Indian crypto exchange Wazirx has filed a police complaint and is pursuing legal action after a cyberattack led to a loss of over $230 million. The exchange is collaborating with global partners and authorities to trace and recover the stolen funds.
The Bitcoin/Rupee trading pair on WazirX has dropped 22% in the past 24 hours, significantly more than on other local exchanges like CoinDCX and Zebpay, where prices fell by 2%. This highlights signs of immense selling pressure and poor liquidity on the exchange.
Crypto exchange, WazirX has filed a police complaint alongside other steps to recover lost crypto assets. The company highlighted plans to protect users' funds including wider collaborations with the blockchain community.
Indian crypto exchange WazirX has filed a police complaint, it said on X, and it has also reported the incident to the Indian Computer Emergency Response Team (CERT-In).
On-chain data shows that the WazirX exploiter has converted most of the stolen assets from the Indian crypto platform into Ethereum. On July 18, WazirX was exploited for around $235 million in several digital assets, with blockchain investigators suggesting that the North Korea-backed Lazarus Group perpetrated the attack.
An assessment of one of the year's biggest crypto-hacks, amounting to over $235M.
WazirX lost funds exceeding $230 million in yesterday's attack, which Elliptic has said is linked to North Korea-based hackers.
TL;DR WazirX Cyber Attack: Indian cryptocurrency exchange WazirX suffered a major cyber attack, resulting in the loss of approximately $235 million in digital assets. The breach targeted WazirX's multi-signature wallets. North Korean Hackers Involved: Blockchain analytics firm Elliptic linked the theft to hackers with ties to North Korea.
Funds stolen via the July 18 hack on Indian crypto exchange WazirX is being swapped for Ether (ETH). Data from the on-chain tracker SpotOnChain indicates the attacker has converted over $200 million worth of the siphoned assets to ETH.
The recent hack WazirX hack has significantly impacted crypto market prices. According to Coingecko data, the total crypto industry market cap slid 1.3% in the last 24 hours.
Hackers exploited a vulnerability in WazirX, stealing $102 million worth of Shiba Inu, causing significant concern among SHIB holders. Magnitude of the WazirX Hack WaxirX, an Indian cryptocurrency exchange, is the most recent site to fall prey to these flaws since they were discovered.
A WazirX hacker converted SHIB, MATIC, and PEPE into 43,799 ETH, holding $12-$15 million in altcoins, eyeing Ethereums ETF rally. WazirX Hackers Conversion Strategy Boosts ETH Holdings According to a report by Coingape, an on-chain data source, the total amount of Ethereum that the WazirX exploiter possesses has increased to 59,097 ETH, which is associated with a value of $201 million.
The WazirX breach highlights vulnerabilities in multisig wallets despite stringent security measures, with hackers exploiting discrepancies in data.
In the aftermath of the WazirX hack, $201 million in stolen assets were swiftly converted to Ethereum.
Unlike other altcoins, market sentiment around Ethereum remains on a high ahead of the looming ETF launch.
Indian cryptocurrency exchange WazirX has reportedly lost approximately $235 million in digital assets due to a significant cybersecurity breach that occurred in the early hours of Thursday. According to the post shared by the firm on X, the breach appeared to have targeted their multi-sig wallets, resulting in a substantial amount of funds being lost.
According to on-chain data from Spot on Chain, the WazirX hacker has amassed a total of 59,097 ETH, valued at approximately $201 million. This significant Ethereum holding includes:
The exchange blamed a data discrepancy with a custodial platform for having caused the transfer of assets. But popular members of the Indian crypto community aren't buying that narrative.
Ethereum price forecast shows that the asset remained stagnant in the past day. This comes as the WazirX hacker converted his loot into ETH.
