WazirX Cleared of Internal Failure as Liminal Denies $230M Hack Blame
Key Insights: The WazirX exchange, one of India’s cryptocurrency platforms, recently announced that its internal systems remained secure following a $230 million hack that took place last month. A forensic probe led by Mandiant Solutions, a subsidiary of Google, confirmed that the cyberattack did not stem from a breach in WazirX’s internal infrastructure. However, the
Curtis Dye4 min read
The WazirX exchange, one of India’s cryptocurrency platforms, recently announced that its internal systems remained secure following a $230 million hack that took place last month. A forensic probe led by Mandiant Solutions, a subsidiary of Google, confirmed that the cyberattack did not stem from a breach in WazirX’s internal infrastructure.
However, the investigation pointed to Liminal, the exchange’s former custody partner, as a potential source of the compromise. Liminal, on its part, has rejected these accusations, raising concerns about WazirX’s security measures.
After suffering a breach that resulted in the loss of nearly 45% of its holding assets, WazirX engaged Mandiant Solutions to conduct an in-depth forensic audit. The attack targeted a multisignature (multisig) wallet, which requires multiple private keys for transactions to be authorized. In the case of the hacked wallet, six signatories were involved: five from WazirX and one from Liminal.
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