2024 WazirX hack explained

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

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 it had about $500 million in digital assets.[4]

Notes and References

  1. Web site: 2024-07-18 . WazirX cryptocurrency exchange halts withdrawals after security breach . 2024-07-31 . The Indian Express . en.
  2. News: Shukla . Siddharth . 2024-07-18 . WazirX Pauses Crypto, Rupee Withdrawals After Wallet Breach . 2024-07-31 . Bloomberg.com . en.
  3. Web site: Anand . Vijay . 2024-07-29 . North Korean Lazarus Group linked to $235 million WazirX crypto breach - CNBC TV18 . 2024-07-31 . CNBCTV18 . en.
  4. News: Bureau . The Hindu . 2024-07-29 . WazirX crypto exchange hack: how much of the assets was lost, CEO Nischal Shetty’s announcement, and what happens next . 2024-07-31 . The Hindu . en-IN . 0971-751X.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "2024 WazirX hack".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.