🚨🚨🚨🚨Crypto Thieves 🇮🇳💰🥸

WazirX, a prominent cryptocurrency platform in India, recently faced a serious security incident.

Here are the details

WazirX suffered a security breach that the company described as a "force majeure event." This resulted in the loss of $230 million, 😱 almost half of its reserves. The breach affected one of its multisig portfolios.

What caused that gap?

According to the preliminary investigation, the breach was due to a discrepancy between the data displayed on the interface of a company called Liminal and the actual content of the transaction. The attackers replaced the transaction content to take control of the wallet.

Stolen assets

More than 200 cryptocurrencies were "stolen" from the platform, including 5.43 billion tokens #SHIB more than 15,200 tokens $ETH 20.5 million tokens #Matic 640 billion tokens and 135 million tokens #Gala.

Origin of the attackers

Risk management platform Elliptic reported that the hackers have affiliation with North Korea.

Impact on WazirX

The $230 million loss is significant for WazirX, which had around $500 million in reserves according to its June reserves testing disclosure.

Other exchanges

Like CoinSwitch and CoinDCX, two other major cryptocurrency platforms in India, assured their customers that their funds were safe and were not affected by this incident.