$235 million lost by WazirX in North Korea-linked breach
18/07/2024
18 July 2024, Indian exchange WazirX suffered a major hack and a resulting loss of funds due to a suspected hack:
According to Elliptic's analysis, around $235 million in cryptoassets were lost in the breach. This is made up of more than 200 different assets, including around
- $96.7m of Shiba Inu,
- $52.6m of Ether,
- $11 million of Matic, and
- $7.6 million of Pepe.
The thief has already swapped a number of these tokens for Ether using a variety of decentralised services, an expected initial step of a typical laundering process, as highlighted previously by Elliptic in its report titled The State of Cross-chain Crime 2023.
On-chain analysis and other information reviewed by Elliptic indicate that this hack was perpetrated by hackers affiliated with North Korea.
Elliptic has added the address associated with the thief to its system, ensuring that its clients will be alerted if they receive any of these funds.
SOURCE
- https://www.elliptic.co/blog/235-million-lost-by-wazirx-in-north-korea-linked-breach
- This article will be updated as we have more information.
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