Indian Crypto Exchange WazirX Reports on Major Security Breach Involving Multisig Wallet
Indian cryptocurrency exchange WazirX has updated users on a major security breach involving its multisig wallet. Which resulted in a loss exceeding $230 million.
The breach occurred in a wallet managed with Liminal’s custody services, where discrepancies between Liminal’s interface and actual transactions allowed attackers to gain control. Despite using security measures like Gnosis Safe multisig and Liminal’s whitelisting, the attack succeeded.
WazirX has blocked some deposits and contacted relevant wallets to recover the stolen funds. The exchange is committed to transparency and will provide further updates as the investigation continues. Additionally, INR and crypto withdrawals are currently suspended.
Clever Robot News Desk 19th July 2024
