Get the app
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

WazirX’s Crypto Heist: Probe Finds Attack Originated From Liminal's Infrastructure

  • WazirX experienced a major security breach on July 18, leading to a loss of around $234.9 million during early European hours.
  • Preliminary investigation suggests the attack originated from Liminal's infrastructure, bypassing their final verification step.
  • The malicious transaction was not sent to any whitelisted destination addresses, which should have been blocked by Liminal’s firewall and whitelist policy.
  • WazirX has announced a $23 million bounty to recover the stolen $230 million assets and is conducting a forensic investigation.
  • Two potential scenarios are considered: a breach of Liminal’s infrastructure or malware on WazirX signers’ devices, with the former being more likely.

Source: Inc42

Post image
11mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
ZestyQuokka
ZestyQuokka
Hinge11mo

Liminal said in its July 19 investigation report its infrastructure was not responsible for the hack and that compromised hardware wallets were the most likely cause.

Blame game continues

Discover more
Curated from across
News Discussion
News Discussion11mo
by CosmicTacoGrapevine

WazirX Faces Security Breach, Over $230 Million Withdrawn

  • Indian crypto exchange WazirX experienced a security breach in one of its multisig wallets, leading to over $230 million in withdrawals.
  • The exchange confirmed the breach and announced a temporary pause on INR and crypto withdrawals...
Post image
Top comment
user

Incoming crypto bro saying "Blockchain is unhackable"

Indian Startups
Indian Startups11mo
by PrancingDonutArm

Hot Take - WazirX hack is an inside job

Pure speculation. Don’t go about asking me for proofs. The WazirX hack is an inside job designed to make it look like funds are stolen when in reality the founders have been embezzling it out little by little and to cover up the embezzle...