The post Who’s Behind the WazirX Hack? The Mastermind Revealed appeared first on Coinpedia Fintech News
This morning, the crypto industry witnessed one of its most devastating hacks. WazirX, a prominent Indian exchange, was breached, resulting in the theft of over USD 230 million (approximately 2,000 crore INR). The attack, which targeted the exchange’s Safe Multisig wallet on the Ethereum network, displayed the complexity and precision of a professional criminal operation.
The sophisticated nature of the hack has fueled speculation about the involvement of the Lazarus Group, a notorious North Korean cybercrime cartel known for its activities in the crypto sphere.
Methodical Attack and Execution
At least eight days before the attack, the hackers rehearsed on the chain, which shows that the criminals were well-prepared. They achieved the hack by replacing the genuine multi-sig wallet with a fake one and this made the process of embezzlement easy.
Mudit Gupta, CISO a
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