Indian crypto exchange WazirX has been hit by a major security breach, with hackers making off with millions of dollars in cryptocurrency.
The exchange confirmed the incident, stating that a multi-sig wallet was compromised, leading to the temporary suspension of both Indian Rupee (INR) and cryptocurrency withdrawals.
Crypto sleuth ZachXBT has been investigating the hack and believes the notorious North Korean hacking group, Lazarus Group, could be responsible.
ZachXBT traced the stolen cryptocurrency through various Ethereum addresses and crypto mixers, eventually identifying a potential link to the Lazarus Group. While he couldn’t definitively confirm the group’s involvement, he highlighted the similarities between this hack and previous Lazarus Group attacks.
Crypto data firm Arkham Intelligence corroborated ZachXBT’s findings, confirming that he had successfully identified a KYC (know-your-customer) exchange deposit made by the hacker.
While this information could be helpful in tracking down the perpetrators, it’s important to note that KYC-verified accounts can be easily purchased online, making it difficult to pin down the true identity of the hacker.
WazirX is currently investigating the incident and has promised to provide updates as they become available.
It’s important to remember that this is an ongoing investigation and no definitive conclusions have been reached.
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