The Mumbai-based cryptocurrency exchange WazirX has talked about a major security breach that caused digital assets worth $230 million to be stolen. WazirX said in a report released Thursday that the problem was due to “force majeure” and a hack of a multi-signature wallet.
Hackers got into a critical part of the platform’s UI that takes payments. This is what caused the breach. WazirX said the problem started because the data shown on Liminal’s interface and the exchange’s wallet technology were not the same. Liminal is a company that saves digital assets.
Liminal Interface Mismatch Suspected
WazirX’s multi-signature wallet needed three agreements from people on the company’s own team and one final approval from Liminal. “There was a discrepancy between what Liminal’s interface showed and what was actually signed during the cyberattack.” “We think the payload was changed so that an attacker could take control of the wallet,” the WazirX team wrote on X.
The exchange has promised to do everything possible to get back the stolen money and find the thieves. Even though they are determined, finding out who the main suspect is makes it seem unlikely that they will be able to heal. Experts from Elliptic and the crypto investigator ZachXBT say that the hack looks like it was done by the well-known North Korean criminal group Lazarus.
The most recent loss from DMM Bitcoin was $308 million, and the Axie Infinity Ronin Bridge hack was worth $600 million. These and other significant crypto thefts have been linked to Lazarus. The U.S. also doesn’t let the group in because it helps launder money and fund terrorists. This makes it even harder to get the money back.
A blockchain data source called Arkham said that the hacker has already sold almost half of the stolen goods. It is possible to freeze the last $102 million, but only if the money was sent to a central exchange and not somewhere else.
