Wazirx Takes Legal Action After $230 Million Cyberattack; Liminal Insists on Platform SecurityBy Kevin HelmsOn July 19, 2024, Wazirx, a prominent cryptocurrency exchange in India, has filed a police report and is taking legal action after a cyberattack that resulted in the loss of more than $230 million .
The exchange is collaborating with global partners and authorities to track and recover stolen funds.
Wazirx Actions:
Police Report and Legal Actions: Wazirx has reported the incident to the Financial Intelligence Unit (FIU) and CERT-In, and is working with over 500 exchanges to block the attacker's identified addresses.
Collaboration and Recovery:
The exchange is collaborating with forensic experts and law enforcement agencies to identify and capture those responsible, while seeking to recover customer assets.
Liminal Custody Statements:
Platform Security: Liminal Custody, which provides security solutions for digital assets, has insisted that its platform has not been compromised.
According to Liminal, the attack came from a discrepancy outside its ecosystem and all malicious transactions occurred outside its platform.
Research Assistance:
Liminal is assisting Wazirx in the investigation, ensuring that all wallets created on its platform remain safe and secure.
Impact and Reflection:
This cyberattack underlines the importance of security on cryptocurrency platforms. Wazirx's rapid response and collaboration with multiple entities is crucial to mitigating damages and recovering stolen funds. Additionally, Liminal's transparency and statements about the security of its infrastructure help maintain trust in the sector.
What do you think about the measures taken by Wazirx after the cyberattack and Liminal's statement about the security of its platform?
1 Wazirx has handled the situation well.?
2 They should have had better preventive measures.? #Bitcoin #ETH #noticripto #Binance # $BTC $ETH 
