2024

Million

WazirX

Coin

<ul class="news-points"> 
 <li>WazirX breach happened on July 18, not earlier with Misinfo about an 8-day prior breach is incorrect.</li> 
 <li>Attackers upgraded WazirX’s multi-sig wallet to a malicious version, draining over $230M USD.</li> 
 <li>Phishing likely occurred via compromised wallets or custody systems, not a UI breach.</li> 
</ul> 
Confusion and misinformation initially surrounded the WazirX hack, but it is now confirmed that hackers stole over $230 million from the cryptocurrency exchange on July 18th by compromising the platform’s multi-signature wallet. 
Contrary to early reports, this<a href="https://coinedition.com/wazirx-spokesperson-addresses-community-over-recent-hack/?utm_source=telegram_channel&amp;utm_medium=referral"> was not an extended breach</a> but a sophisticated, well-planned attack, raising alarms about the vulnerability of digital assets to increasingly sophisticated cyberattacks. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 WazirX hacked for over $230m USD (2,000 cr INR) Their safe multisig was compromised and drained. The hackers started practicing the hack onchain at least 8 days ago and finally executed it today. It's a very methodical and organized attack, pointing towards DPRK as the hacker. <a href="https://t.co/HziVY7dCoq" target="_blank" rel="nofollow">pic.twitter.com/HziVY7dCoq</a>— Mudit Gupta (@Mudit__Gupta) <a href="https://twitter.com/Mudit__Gupta/status/1813881385800913327?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 18, 2024</a>
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The incident involved the compromise of WazirX’s multi-signature wallet, secured by four signers from two c…
The post <a href="https://coinedition.com/wazirx-confirms-230-million-hack-dispels-misinformation-on-timeline/">WazirX Confirms $230 Million Hack, Dispels Misinformation on Timeline</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

WazirX Confirms $230 Million Hack, Dispels Misinformation on Timeline

Coin Edition

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