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WazirX confirms no laptop breach during cyberattack

WazirX confirms no laptop breach during cyberattack

GrafaGrafa2024/08/20 10:20
By:Isaac Francis

Indian cryptocurrency exchange Wazirx (CRYPTO:WRX) has reached a critical point in its investigation into a recent cyberattack that resulted in the theft of $230 million.  

The exchange announced that Google's subsidiary, Mandiant, a leading cybersecurity firm, has verified that the laptops used by Wazirx team members during the attack were not compromised.  

Mandiant's investigation, which involved a detailed forensic analysis of the three laptops used by Wazirx for signing transactions, concluded that there was no evidence of a breach on these devices.  

This finding is significant as it shifts the focus of the investigation to the wallet infrastructure managed by custodian Liminal, which is now under scrutiny.  

The cyberattack, which saw over Rs 2,000 crores in digital assets stolen from Wazirx’s multisig wallets, has been under investigation for weeks.  

Wazirx shared the findings with law enforcement and other agencies to assist in recovering the stolen assets.  

Wazirx co-founder Nischal Shetty highlighted that the exchange engaged Mandiant after Liminal accused Wazirx laptops of being the source of the breach, despite not providing any evidence.  

Shetty stated that the Mandiant report should clear Wazirx of any wrongdoing, as it demonstrates that the exchange followed industry best practices, and no compromise occurred on their side.  

However, Wazirx is still awaiting answers from Liminal on several critical issues, including the cause of the breach, potential insider involvement, and the mechanics behind how a malicious transaction was signed and approved.  

In the meantime, Wazirx continues to work on resolving issues related to INR and crypto assets on the platform.  

Liminal has maintained that the breach did not occur on their end, stating that their self-custody wallet infrastructure grants clients full control over their wallets and funds at all times.  

Meanwhile, Wazirx users, who are unable to access their funds due to ongoing withdrawal freezes, are demanding that the exchange resolve the issue and restore access to their money.  

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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