New Delhi. There has been a major cyber attack on Indian cryptocurrency exchange, Wazir-X. Hackers stole digital assets worth $230 million (Rs 1,923 crore) from one of the exchange’s wallets. The company has also confirmed the theft and said that security has been breached in one of the multisig wallets. North Korean hackers are behind this cyber attack. The company has confirmed the theft and has taken immediate action and banned the withdrawal of Indian rupees and cryptocurrency. Shibu Inu is high among the stolen cryptocurrencies. WazirX calls itself ‘India’s Bitcoin’.
Wazir-X wrote on the social media platform ‘Axe’ “We have learned that there has been a security breach in one of our multisig wallets. Our team is investigating the incident. To ensure the safety of your assets, Indian rupee and crypto withdrawals will be temporarily halted. Thank you for your patience and understanding. We will keep you informed with further updates.”
All Liminal Custody accounts are safe
Crypto storage provider Liminal Custody has said that its platform has not been breached. Initial investigations have shown that the wallet that has been targeted was created outside the Liminal ecosystem. The company has said that all WazirX wallets available on the Liminal platform are safe.
A major setback for the Indian crypto industry
The attack on WazirX is a major setback for the Indian crypto industry. It has raised concerns among users about the safety of their funds on the crypto exchange. CoinDCX co-founder Neeraj Khandelwal has also reacted to the attack. He said, “Even though WazirX is our competitor in the Indian market, I am saddened to know about this incident. This is not good news for the Indian Web3 ecosystem.”