Blockchain
security
firm
Cyvers
Alert
reported
that
the
Indian
exchange
WazirX
was
exploited
for
around
$235
million.
Cyvers
stated:
“Our
system
has
detected
multiple
suspicious
transactions
involving
[WazirX’s]
Safe
Multisig
wallet
on
the
ETH
network.
A
total
of
$234.9M
of
your
funds
have
been
moved
to
a
new
address.
Each
transaction’s
caller
is
funded
by
Tornado
Cash.”
Blockchain
analyst
Lookonchain
reported
that
the
stolen
assets
included
5.43
trillion
SHIB
tokens
(worth
$102
million),
15,298
ETH
(valued
at
$52.5
million),
20.5
million
MATIC
(worth
$11.24
million),
640.27
billion
$PEPE
(worth
$7.6
million),
5.79
million
USDT,
and
135
million
GALA
(worth
$3.5
million).
It
added
that
the
attacker
was
selling
and
converting
those
assets
to
ETH.
In
a
July
18
post
on
X,
the
crypto
trading
platform
confirmed
that
one
of
its
multisig
wallets
experienced
a
security
breach
that
resulted
in
losing
an
undisclosed
sum.
The
firm
added:
“Our
team
is
actively
investigating
the
incident.
To
ensure
the
safety
of
your
assets,
INR
and
crypto
withdrawals
will
be
temporarily
paused.”
WazirX
is
one
of
the
largest
crypto
trading
platforms
in
India.
Last
year,
the
firm
was
involved
in
a public
spat
over
its
ownership
structure,
with
WazirX’s
founder,
Nischal
Shetty,
insisting
that
Binance
had
acquired
the
exchange.
However,
Binance’s
former
CEO,
Changpeng
Zhao,
vehemently
denied
these
claims.
North
Korea
link
Meanwhile,
Cyvers
suggested
that
North
Korea-backed
hacker
Group
Lazarus
might
be
involved
in
the
attack.
Deddy
Lavid,
the
Co-founder
&
CEO
of
Cyvers
Alert,
told
CryptoSlate:
“The
use
of
TornadoCash
to
fund
the
transactions
is
indicative
of
methods
used
in
previous
high-profile
attacks.
While
it
is
too
early
to
definitively
link
this
incident
to
the
Lazarus
Group,
the
similarities
are
concerning.”
Over
the
past
few
years,
Lazarus
Group
has
emerged
as
one
of
the
most
notorious
hacking
groups targeting
the
crypto
industry.
A
Chainalysis
report estimated that
the North
Korean
hackers
have
stolen
over
$3
billion
in
the
past
five
years.
Mentioned
in
this
article
Go to Source
Author: Oluwapelumi Adejumo
