In a significant security breach, Indian cryptocurrency exchange WazirX has lost approximately $235 million to hackers, with evidence suggesting the involvement of the infamous North Korean Lazarus Group. The exploit targeted one of WazirX's multisig wallets, leading to the theft of diverse crypto assets, including $96.7 million in Shiba Inu (SHIB), $52.6 million in Ether (ETH), and $11 million in Matic (MATIC). Blockchain analytics firm Elliptic and crypto investigator ZachXBT have linked the hack to the Lazarus Group, known for high-profile cybercrimes and crypto heists since 2010.
WazirX confirmed the breach and temporarily suspended withdrawals to protect user assets while investigating the incident. The exchange's security vulnerabilities underscore the ongoing challenges in securing digital assets and the need for enhanced security measures in the cryptocurrency industry.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
