WazirX Hacked For $230 Million
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WazirX, India's largest crypto exchange has experienced a $230 million loss in a hack that's been attibuted to a North Korean group.
The details were revealed in WazirX's own incident report and a police report that a compromised multi-sig wallet belonging to the exchange was used to send crypto to a non-whitelisted address.
In a tweet, WazirX said they've reported the incident to FUI and CERT-In, and asked 500+ exchanges to block addesses identified as malicious. WaxirX is actively trying to recover the funds and doing a deep forensic analysis on the event.
The initial point of the breach was likely a device using a custody platform Liminal's services, where a payload may have been replaced to transfer wallet control.
The data displayed on Liminal's interface and the actual transaction data was different, according to WazirX's statement. Etherscan shows that the hackers are trying to offload the assets using Uniswap.
Elliptic, a blockchain analytics company, estimates a total $235M in losses that now appear in over 200 addresses, including $97M of SHIB, $52.6M of Ether, $11M of Polygon, and $7.6M of Pepe.
A June disclosure from WazirX showed its holdings at $500 million - the ~$230M loss is very heavy for the firm.
WazirX also halted withdrawals in the aftermath.
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