Forensic Report: WazirX Laptops Safe, But Multisig Wallet Breach Raises Serious Questions! 🤔
WazirX confirms that its systems and laptops were not compromised in the $230 million hack, according to a third-party forensic report by Mandiant Solutions, a Google subsidiary. The investigation focused on the multisig wallet where the breach occurred.
Multisig wallets require multiple private keys to unlock and move funds, providing an extra layer of security. In this case, WazirX's hacked wallet required six signatories—five from WazirX and one from infrastructure partner Liminal.
Despite the sophisticated setup, WazirX lost nearly 45% of its holding assets in the attack. However, the forensic report from Mandiant found no evidence of compromise on the laptops used to sign transactions, suggesting the issue might not be with WazirX’s internal systems.
WazirX has placed the blame on Liminal, its infrastructure and custody partner, hinting that the breach might have originated from their side. Meanwhile, Liminal strongly denies this, stating that their front-end and UI were not compromised, as per their own audits.
Liminal’s spokesperson raised concerns about WazirX's network security, given that WazirX held 5 of the 6 keys required for transaction approval. They are confident in their systems and plan to release detailed forensic reports soon.
What’s Next for WazirX? The exchange is exploring recovery options, including a Bounty Program offering up to $10,000 in USDT. They're also in discussions with industry peers for support or a potential buyout.
This incident underscores the importance of robust security measures in the crypto space. With millions at stake, exchanges must prioritize the protection of user assets and maintain transparency during crises.
That’s it for now. Keep an eye out for further updates as the story develops. Stay informed and stay secure!
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