North Korean hackers are suspected to be involved in the $235 million hack of Indian cryptocurrency exchange WazirX.
The massive $235 million hack on the Indian cryptocurrency exchange WazirX on July 18 has raised serious questions about exchange security and the future of cryptocurrency in India.
The attack unfolded with alarming speed and precision, with Web3 security firm Cyvers being among the first firms to detect “multiple suspicious transactions” involving WazirX’s “Safe Multisig” wallet on Ethereum.
The attacker was able to move a staggering $234.9 million worth of funds to a new address, with each transaction’s caller being funded with assets from cryptocurrency mixer Tornado Cash.
