WazirX publishes $230m hack post-mortem | Headlines | News | CoinMarketCap
07/19/2024 02:01Mumbai-based WazirX crypto exchange has released its post-mortem report on a “force majeure” incident that allowed a multi-sig wallet hack. As …
Mumbai-based WazirX crypto exchange has released its post-mortem report on a “force majeure” incident that allowed a multi-sig wallet hack.
As crypto.news reported earlier on Thursday, WazirX was hacked for $230 million in cryptocurrencies after bad actors compromised UI critical to the platform’s wallet management. The Indian crypto exchange explained that the issue originated from different data displayed on Liminal’s interface, the digital asset custody, and the wallet infrastructure employed by WazirX.
The platform’s multi-sig wallet required three signatures from internal WazirX team members and one final approval from Liminal.
“During the cyber attack, there was a mismatch between the information displayed on Liminal’s interface and what was actually signed. We …