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Forensic Probe Reveals WazirX’s Systems & Laptops Not Compromised In $230 Mn Crypto Heist

Inc42 · 1y ago

Forensic Probe Reveals WazirX’s Systems & Laptops Not Compromised In $230 Mn Crypto Heist

Forensic Probe Reveals WazirX's Systems & Laptops Not Compromised In $230 Mn Crypto Heist. A probe into the hack that led to the Indian crypto exchange WazirX losing more than $230 Mn from one of its multisig wallets has revealed that its systems and laptops were not compromised in the cyberattack

Related News

WazirX Dumps Wallet Infra Provider Liminal

Inc42 · 1y ago

WazirX Dumps Wallet Infra Provider Liminal

Crypto exchange WazirX is moving its remaining assets held with the custodian Liminal to new multisig wallets. While WazirX's systems were not compromised, the custodian's interface was, leading to hackers stealing $230 million worth of crypto assets from WazirX's multisig wallet. This resulted in a loss of 45% of customer funds. Now, WazirX is taking steps to secure its remaining assets by migrating them to new wallets.

Govt Agencies Start Probe Into WazirX’s $234 Mn Crypto Hack

Inc42 · 10m ago

Govt Agencies Start Probe Into WazirX’s $234 Mn Crypto Hack

- Government agencies investigating WazirX's $234 Mn hack - Officials questioning WazirX executives in Mumbai - Investigation aims to uncover information on illegal transfer of crypto tokens - No evidence of foul play found in company's probe so far

Coinbase circles CoinDCX after $44 mn crypto heist

Livemint

Livemint · 1m ago

Coinbase circles CoinDCX after $44 mn crypto heist

Coinbase is reportedly in advanced talks to acquire India's CoinDCX, following a $44 million hack affecting the local crypto exchange. The potential deal could value CoinDCX, one of India's largest crypto exchanges, at below $900 million, a significant drop from its peak valuation of $2.2 billion three years ago. This acquisition would allow Coinbase to further its presence in India, where it already holds stakes in CoinDCX and competitor CoinSwitch.

Delhi Police Files FIR In $230 Mn WazirX Crypto Heist

Inc42 · 1y ago

Delhi Police Files FIR In $230 Mn WazirX Crypto Heist

WazirX, a cryptocurrency exchange, plans to collaborate fully with authorities to track down stolen funds and bring the perpetrator to justice. A First Information Report (FIR) has been filed under applicable sections of the Indian penal code. The incident revolves around a cybersecurity breach last month, resulting in the theft of approximately $230 million worth of cryptocurrency from one of WazirX's multisig wallets.

WazirX faces flak over handling of $230-million crypto heist

Economic Times

Economic Times · 1y ago

WazirX faces flak over handling of $230-million crypto heist

Indian cryptocurrency exchange, WazirX, faced criticism after experiencing a major data breach resulting in $230 million worth of stolen investor holdings. Social media users expressed concerns, calling on WazirX to take responsibility for the losses and questioning why customers should have to absorb them. It was reported that the FBI has reached out to WazirX to investigate the cyberattack allegedly involving North Korean hackers. WazirX responded by implementing a fair and transparent socialised loss strategy to distribute the impact across all users. Rupee and crypto withdrawals on the platform are currently on hold.

Why WazirX will find it hard to recover stolen cryptos even with $23 mn bounty

Livemint

Livemint · 1y ago

Why WazirX will find it hard to recover stolen cryptos even with $23 mn bounty

Indian cryptocurrency exchange WazirX is offering a $23m bounty to white hat hackers and cybersecurity professionals to help recover over $230m worth of digital assets stolen from one of its wallets. The hack occurred earlier this month, with the attackers bypassing the security measures of a multisig crypto wallet. WazirX has alleged that the compromised wallet was managed using Liminal’s infrastructure, while Liminal has blamed WazirX and claimed that the hack originated from within the exchange's systems. The bounty is one of the largest offered in the crypto industry and will be active for three months.

Following WazirX’s $230 Mn Crypto Hack, CoinDCX Sets Up INR 50 Cr Crypto Investors Protection Fund

Inc42 · 1y ago

Following WazirX’s $230 Mn Crypto Hack, CoinDCX Sets Up INR 50 Cr Crypto Investors Protection Fund

CoinDCX has established a crypto investors protection fund (CIPF) in response to the recent WazirX hack. The CIPF aims to compensate users for any losses resulting from security breaches or other adverse incidents. CoinDCX plans to contribute 2% of its brokerage income to the fund, along with annual revisions and an increase in the fund's size over time. This move seeks to build trust within the Indian crypto ecosystem.

AnyDesk confirms cyber attack — remote desktop firm revokes certificates as hackers infiltrate systems

Techradar

Techradar · 1y ago

AnyDesk confirms cyber attack — remote desktop firm revokes certificates as hackers infiltrate systems

Remote access provider AnyDesk has confirmed that it fell victim to a cyberattack which compromised its production systems. While the company did not reveal the identity or motive of the attackers, they clarified that the incident was not related to ransomware. AnyDesk has taken several measures to secure its infrastructure, including revoking security-related certificates and replacing compromised systems. The extent of the data stolen by the hackers remains undisclosed, but it is recommended that users switch to the new version of the AnyDesk software and change their passwords.

OpenAI account compromised, hacker circulates fraudulent and fake crypto token posts on X | Mint

Livemint

Livemint · 11m ago

OpenAI account compromised, hacker circulates fraudulent and fake crypto token posts on X | Mint

OpenAI reported that one of its social media accounts was compromised by an unauthorized person who sent out posts promoting a fake crypto token. The hacked account saw fake posts for around an hour before being deleted. This comes after previous instances of OpenAI accounts being hijacked to post fraudulent crypto-related content. Additionally, OpenAI is planning to release "Strawberry," an AI model focused on reasoning, this month, as part of its ChatGPT service. This model is designed to think before responding, distinguishing it from other conversational AI systems.

Nischal Shetty Making False Claims To Implicate Us, Says Binance

Inc42 · 11m ago

Nischal Shetty Making False Claims To Implicate Us, Says Binance

Binance stated that it is not involved in WazirX's user agreement or ownership, nor does it hold any user funds. Binance accused Nischal Shetty of attempting to mislead WazirX customers and the market with inaccurate information. This dispute follows a crypto theft incident in which hackers stole over $230 million worth of cryptocurrency from WazirX a few months ago.

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