2024 WazirX hack
 | This article's lead section contains information that is not included elsewhere in the article. (August 2024) |
| Date | July 18, 2024 |
|---|---|
| Type | Cyberattack |
| Suspects | Lazarus Group |
India-based WazirX, a cryptocurrency exchange was hacked in early days of July 2024. The exchange ceased to operate on 18 July 2024.[1]
Hack
[edit]Reports say that $234.9 million worth of crypto assets have been taken out of the exchange and sent to a new address by North Korean hackers belonging to Lazarus Group.[2][3] Before the attack, the crypto exchange stated in its June 2024 proof-of-reserves disclosure that it had about $500 million in digital assets.[4]
On 18 July 2024, the exchange suspended crypto trading.[5][6]
Litigations
[edit]- On August 29, 2024, the rival company CoinSwitch sued WazirX for failing to recover its trapped funds of $9.65 million.[7][8]
References
[edit]- ^ "WazirX cryptocurrency exchange halts withdrawals after security breach". The Indian Express. 2024-07-18. Retrieved 2024-07-31.
- ^ Shukla, Siddharth (2024-07-18). "WazirX Pauses Crypto, Rupee Withdrawals After Wallet Breach". Bloomberg.com. Retrieved 2024-07-31.
- ^ Anand, Vijay (2024-07-29). "North Korean Lazarus Group linked to $235 million WazirX crypto breach - CNBC TV18". CNBCTV18. Retrieved 2024-07-31.
- ^ "WazirX crypto exchange hack: how much of the assets was lost, CEO Nischal Shetty's announcement, and what happens next". The Hindu. 2024-07-29. ISSN 0971-751X. Retrieved 2024-07-31.
- ^ Singh, Manish (2024-07-21). "WazirX halts trading after $230 million 'force majeure' loss". TechCrunch. Retrieved 2024-08-31.
- ^ Sharma, Manoj (2024-07-10). "WazirX halts trading, announces $23 mn bounty after hackers steal $234 mn. Key updates". www.fortuneindia.com. Retrieved 2024-08-31.
- ^ Singh, Manish (2024-08-28). "CoinSwitch sues WazirX to recover trapped funds". TechCrunch. Retrieved 2024-08-31.
- ^ "India's Crypto app CoinSwitch sues WazirX: We are now taking steps, including ..." The Times of India. 2024-08-29. ISSN 0971-8257. Retrieved 2024-08-31.
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