
Mumbai-based crypto exchange WazirX has released its post-mortem report on a “force majeure” incident that allowed a multi-sig wallet hack.
As crypto.news Reported Earlier on Thursday, WazirX was hacked for $230 million in cryptocurrencies after bad actors compromised the platform’s main UI for wallet management. The Indian crypto exchange explained that the issue arose from different data displayed on Liminal’s interface, digital asset custody, and wallet infrastructure used by WazirX.
The platform’s multi-sig wallet required three signatures from the Interior Minister X team members and a final approval from Limnal.
“During the cyber attack, there was no match between the information displayed on Liminal’s interface and the information actually signed. We suspect that the payload was altered to transfer control of the wallet to the attacker,” the team said. said via an X post.
Crypto exchange described It will “leave no stone unturned” to recover the stolen funds and trace the culprit.
Minister X is unlikely to recover.
While Minister X appears determined to pursue the hackers, the prime suspect hints that recovery may be impossible. According to Elliptic and crypto sleuth ZachXBT, the hack bears traces of the notorious North Korean criminal organization Lazarus.
Lazarus is credited with some of crypto’s biggest achievements, such as Axie Infinity’s $600 million Ronin Bridge and, most recently, the $308 million DMM Bitcoin. theft. The syndicate is also the subject of US sanctions on money laundering and terrorist financing. Funds are hardly ever recovered when Lazarus is involved.
Blockchain data provider Arkham also noted that the hacker was already there Offload About half of the loot. Freezing $102 million worth of funds may still be possible depending on the destination of the sale, whether a central exchange or otherwise.