WazirX Hacked: Over $230M Stolen in Sophisticated Attack
Hey #CryptoSquad ! I've got some serious news for you all. WazirX, a prominent Indian exchange, has been #Hacked and over $230 million has been stolen! This is not just any hack - it's a sophisticated operation that shows the complexity and precision of a professional criminal group.
The hackers targeted WazirX's Safe Multisig wallet on the Ethereum network and managed to steal the funds by replacing the genuine multi-sig wallet with a fake one. The investigation is ongoing, but many are speculating that the Lazarus Group, a notorious North Korean #cybercrime cartel, could be behind this attack.
The hack was carried out using a method called signature phishing, where the hackers obtained two of the four private keys outright and the last two through signature phishing. This is a highly technical and well-planned operation that shows the sophistication of the attackers.
As you may know, the Lazarus Group has been involved in multiple breaches in the past, including the Harmony Bridge attack and the $625 million hack on the Ronin bridge. They are known for their large-scale cyber heists, often funding North Korea's nuclear missile and weapons programs.
The crypto community is on high alert after this hack, and it's a wake-up call to all of us.
