Indian crypto exchange Wazirx has filed a police complaint and is pursuing legal action after a cyberattack led to a loss of over $230 million. The exchange is collaborating with global partners and authorities to trace and recover the stolen funds. Meanwhile, Liminal Custody has insisted that its platform remains secure and that all malicious transactions to the attacker’s addresses occurred outside of its platform.
Wazirx Takes Legal Action After $230 Million Cyberattack — Liminal Insists Platform Secure
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Wazirx Updates Breach: Files Police Complaint and Pursues Legal Action
Wazirx, a prominent cryptocurrency exchange in India, provided an update on Friday regarding the security breach disclosed on Thursday. The exchange stated that it has filed a police complaint and is pursuing additional legal actions following a cyberattack in which over $230 million was stolen. Wazirx noted on social media platform X:
We have reported the incident to the Financial Intelligence Unit (FIU) and CERT-In. We’re reaching out to 500+ exchanges to block the identified addresses.
“Many exchanges are cooperating with us, and we are actively working with them on additional resources to aid our recovery efforts,” Wazirx continued. “Our immediate plans include tracing the stolen funds, recovering customer assets, and conducting a deeper analysis of the cyber attack. We are collaborating with forensic experts and law enforcement agencies to identify and apprehend the perpetrators.”
Liminal Custody, which provides security solutions for digital assets, issued a statement on Thursday regarding the Wazirx situation. Earlier, Wazirx alleged that the hacked wallet “was operated utilizing the services of Liminal’s digital asset custody and wallet infrastructure.” According to Wazirx, “the cyber attack stemmed from a discrepancy between the data displayed on Liminal’s interface and the transaction’s actual contents.”
However, Liminal shared on X: “Our preliminary investigations show that one of the self custody multi-sig smart contract wallets created outside of the Liminal ecosystem has been compromised. We can confirm that Liminal’s platform is not breached and Liminal’s infrastructure, wallets and assets continue to remain safe.” The company emphasized, “It is also pertinent to note that all Wazirx wallets created on the Liminal platform continue to remain secure and protected,” elaborating:
Meanwhile, all the malicious transactions to the attacker’s addresses have occurred from outside of the Liminal platform.
“Adhering to our rigorous security protocols, the Liminal team is also readily assisting the Wazirx team as they carry out their investigation,” Liminal Custody concluded.
What are your thoughts on Wazirx’s actions following the cyberattack and Liminal’s statements? Let us know in the comments section below.
