WazirX Loses $230M in Crypto Heist Linked to North Korea: A Comedy of Errors or Cybercrime Mastery?
WazirX, the Indian crypto exchange, lost over $230 million in a cyber attack linked to North Korea. The breach exploited a discrepancy in multi-signature wallet security. WazirX halted withdrawals and is working to recover the funds. Blockchain analysts indicate the stolen assets are already being sold.
Hot Take:
WazirX just experienced a $230 million magic trick, and the disappearing act involves North Korea. Houdini would be proud!
Key Points:
- WazirX, an Indian crypto exchange, lost over $230 million in a cyber attack.
- The attack targeted a multi-signature wallet with six signatories and exploited a discrepancy in Liminal’s interface.
- Blockchain analytics firms Elliptic and Lookchain suggest the thieves are linked to North Korea.
- WazirX halted all crypto withdrawals and is working to recover the stolen funds.
- WazirX’s ownership is disputed, and the exchange has faced regulatory difficulties in India.
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