TechFlow news — Indian cryptocurrency exchange WazirX has released preliminary findings regarding its recent security breach. WazirX stated that one of its multi-signature wallets was compromised in a cyberattack, resulting in losses exceeding $230 million.
Since February 2023, the wallet had been operating using Liminal's digital asset custody and wallet infrastructure services. The report indicates the attack originated from a discrepancy between data displayed on Liminal's interface and the actual transaction content. During the attack, the information shown on Liminal's interface did not match what was actually being signed. WazirX suspects the payload was tampered with to transfer control of the wallet to the attacker.
WazirX added: "This is a force majeure event beyond the team’s control, but we are doing everything possible to locate and recover the funds. We have already frozen certain deposits and contacted relevant wallets to initiate recovery efforts."
