Hey Crypto Enthusiasts! 🪙
Big news from the crypto world! 🌍 WazirX and Liminal Custody are in a heated battle, pointing fingers at each other after a massive $230 million exploit left their customers in a tough spot. Here's the scoop:
What Happened?
Yesterday, a staggering $230 million was siphoned off in a sophisticated attack. WazirX, a major Indian crypto exchange, claims the exploit involved a multisig wallet using Liminal's custody service. Multisig wallets need multiple signatures to authorize transactions, adding an extra layer of security... or so we thought! 😬
Who’s to Blame?
WazirX says the issue arose due to a mismatch between the data shown on Liminal's interface and the actual transaction details. On the flip side, Liminal insists their infrastructure wasn't breached and that all wallets, including WazirX's, are safe. They highlighted that the attack was highly sophisticated, involving malicious payloads on specific machines.
What’s Being Done?
WazirX has filed a police report and is working with the Indian Computer Emergency Response Team (CERT-In) to investigate. The stolen funds make up more than 45% of WazirX's total $500 million holdings, according to their June report. Crypto security firm Elliptic believes North Korean hackers are behind this exploit.
Liminal hasn't responded to further requests for comment, leaving everyone in the dark about the next steps. 🌑
What Does This Mean for You?
If you’re a WazirX user, keep an eye on updates from the exchange. This incident underscores the importance of robust security measures and the need for transparency in handling such breaches. Stay safe and stay informed!
That’s all for now, folks! Keep your crypto secure and stay tuned for more updates. 🚀
Peace out! ✌️$WRX
