History
2024: Hackers steal $235 million from WazirX
In mid-July 2024, it became known that hackers stole $235 million from the largest India cryptoexchanges in WazirX, based in Mumbai. Cyvers, which handles the issues, cyber security found "multiple suspicious transactions" involving a Safe Multisig wallet using. Ethereum All transactions were conducted through a cryptomixer, Tornado Cash a decentralized protocol for private transactions. Representatives of the exchange confirmed the incident, but did not disclose the exact amount of damage.
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A multi-signature wallet is a type of cryptocurrency wallet that requires two or more signatures to confirm and send a transaction. It is considered a secure storage option for crypto assets with additional layers of security. It is not yet known what caused the crash and allowed hackers to hack into the WazirX wallet.
Blockchain investigations and analytics firm Elliptic said the attack is linked to a North Korean hacking group. Blockchain data shows that hackers began offloading assets through the decentralized Uniswap exchange.[1]
Notes
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