$235 million lost by WazirX in North Korea-linked breach
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Earlier today, Indian exchange WazirX suffered a major hack and a resulting loss of funds due to a suspected hack:
📢 Update: We're aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused. Thank you for your patience and understanding.…— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) July 18, 2024
According to Elliptic's analysis, around $235 million in cryptoassets were lost in the breach. This is made up of more than 200 different assets, including around $96.7m of Shiba Inu, $52.6m of Ether, $11 million of Matic, and $7.6 million of Pepe.
The thief has already swapped a number of these tokens for Ether using a variety of decentralised services, an expected initial step of a typical laundering process, as highlighted previously by Elliptic in our report titled The State …
📢 Update: We're aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused. Thank you for your patience and understanding.…— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) July 18, 2024
According to Elliptic's analysis, around $235 million in cryptoassets were lost in the breach. This is made up of more than 200 different assets, including around $96.7m of Shiba Inu, $52.6m of Ether, $11 million of Matic, and $7.6 million of Pepe.
The thief has already swapped a number of these tokens for Ether using a variety of decentralised services, an expected initial step of a typical laundering process, as highlighted previously by Elliptic in our report titled The State …