WazirX breach post-mortem: Dismantling the $230M attack

The WazirX breach highlights vulnerabilities in multisig wallets despite stringent security measures, with hackers exploiting discrepancies in data.

In one of the most significant cyberattacks of the year, WazirX, an Indian cryptocurrency exchange, lost over $230 million from a multisig wallet.

WazirX reported the attack on one of its multisig wallets, which has used Liminal’s digital asset custody and wallet infrastructure since February 2023.

The wallet had six signatories: one from Liminal and five from WazirX, ensuring secure transactions through the required multiple approvals.

The WazirX breach highlights vulnerabilities in multisig wallets despite stringent security measures, with hackers exploiting discrepancies in data.
In one of the most significant cyberattacks of the year, WazirX, an Indian cryptocurrency exchange, lost over $230 million from a multisig wallet.WazirX reported the attack on one of its multisig wallets, which has used Liminal’s digital asset custody and wallet infrastructure since February 2023. The wallet had six signatories: one from Liminal and five from WazirX, ensuring secure transactions through the required multiple approvals.Read more