WazirX has filed a police complaint and engaged with India’s cyber crimes unit following a $230 million hack, outlining its plans to recover stolen funds and analyze the cyber attack.
Points
- WazirX files police complaint after $230 million hack.
- Engages with the Indian Computer Emergency Response Team （CERT-In）.
- Incident involves a multisig wallet using Liminal’s custody service.
- Stolen funds account for over 45% of WazirX’s holdings.
- Collaboration with exchanges and forensic experts to trace stolen funds.
Crypto exchange WazirX has filed a police complaint following a $230 million hack on Thursday. The firm has also reported the incident to the Indian Computer Emergency Response Team （CERT-In） and is engaging with them to seek assistance in tracing and recovering the stolen funds.
The hack involved a multisig wallet using Liminal’s digital asset custody service. WazirX noted a discrepancy between the data displayed on Liminal’s interface and the transaction’s actual contents, which led to the exploit. Liminal, however, maintains that its infrastructure was not breached and that all wallets remain safe. They attribute the attack to malicious payloads injected into the transaction by compromised machines.
The stolen funds, which account for over 45% of WazirX’s $500 million holdings, include various cryptocurrencies. WazirX has stated that many exchanges are cooperating with them, and their immediate plans include tracing the stolen funds, recovering customer assets, and conducting a deeper analysis of the cyber attack. They are also collaborating with forensic experts and law enforcement agencies to identify and apprehend the perpetrators.
The next step will involve filing a First Information Report （FIR） with the police, which could lead to further scrutiny of WazirX’s books, operating systems, and security standards. India’s Finance Ministry has declined to comment, as cryptocurrency remains largely unregulated in the country. The incident underscores the need for clear regulatory guidelines on security standards and consumer protection in the crypto industry.
解説
- The incident highlights the critical importance of robust security measures and regular audits for crypto exchanges.
- The involvement of India’s cyber crimes unit and CERT-In reflects the seriousness of the breach and the efforts to recover stolen assets.
- Collaboration with other exchanges and forensic experts is crucial in tracing and recovering stolen funds, showcasing the cooperative spirit within the crypto community.
- This breach may prompt regulatory bodies to expedite the implementation of clear guidelines for security standards and risk management in the crypto sector.