WazirX, a leading Indian crypto exchange, halted withdrawals on Thursday following a security breach, described as a “force majeure event,” resulting in the loss of $230 million—nearly half of its reserves. The Mumbai-based firm reported that one of its multisig wallets, which requires multiple private keys for authentication, had been compromised. WazirX’s wallet had six signatories, five from the WazirX team. Liminal, a wallet infrastructure firm, stated that a wallet created outside its ecosystem was compromised. Blockchain explorer Lookchain reported the theft of over 200 cryptocurrencies, including 5.43 billion SHIB tokens, 15,200 Ethereum tokens, and 20.5 million Matic tokens. Attackers are attempting to offload assets via Uniswap, with risk-management platform Elliptic linking the hackers to North Korea. This breach is significant for WazirX, which had reported holdings of around $500 million in June.
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