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FBI pings WazirX for info on attack by ‘North Korean hackers’

Economic TimesEconomic Times · 11m ago
FBI pings WazirX for info on attack by ‘North Korean hackers’
Medial

The US FBI has reportedly approached Indian cryptocurrency exchange WazirX to investigate a cyberattack allegedly involving North Korean cybercriminals. The FBI's involvement is expected to benefit the investigation and enhance the exchange's efforts to protect its cryptocurrency market. WazirX suffered a cyber breach on one of its multisig wallets in July, resulting in a loss of funds exceeding $230 million. The attack is believed to have been carried out by the Lazarus group, a cybercriminal organization linked to the North Korean government. WazirX has proposed a "socialized loss strategy" to distribute the impact among users, with most investors eligible to receive 55% of their holdings.

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