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  • WazirX, Liminal Custody Blame Each Other as $230M Crypto Exploit Leaves Customers Stranded
  • Crypto

WazirX, Liminal Custody Blame Each Other as $230M Crypto Exploit Leaves Customers Stranded

cryptovert July 20, 2024 2 min read
  • Liminal
    Custody
    said
    three
    WazirX
    wallets
    were
    breached
    in
    the
    lead-up
    to
    the
    $230
    million
    exploit.

  • WazirX
    said
    that
    a
    discrepancy
    on
    Liminal’s
    interface
    triggered
    the
    loss.
    If
    filed
    a
    police
    report
    today.

  • Security
    firm
    Elliptic
    said
    on
    Thursday
    that
    North
    Korean
    hackers
    appear
    to
    be
    behind
    the
    hack.

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    Involving
    North
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    Are
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    2024

WazirX
and
Liminal
Custody,
the
two
firms
at
the
center
of
yesterday’s

$230
million
exploit
,
are
blaming
each
other
for
the
success
of
the
attack,
leaving
users
in
the
dark
over
the
security
of
their
funds.

In
a

post
on
X
,
Indian
crypto
exchange
WazirX
said
the
exploit
was
related
to
a

multisig
wallet

using
Liminal’s
digital
asset
custody
service.
The
attack
stemmed
from
a
“discrepancy
between
the
data
displayed
on
Liminal’s
interface
and
the
transaction’s
actual
contents,”
it
said.

Liminal,
for
its
part,
said
its
infrastructure
had
not
been
breached
and
that
all
wallets
–
including
WazirX’s
–
remain
safe.
A
multisig
wallet
is
one
that
requires
several
people
to
sign
a
transaction
before
it
can
be
executed.

“There
is
no
breach
in
Liminal’s
infrastructure,
wallets
and
assets,”
Liminal
said
in
a

blog
post
.
“Unfortunately
three
of
the
victims
machines
have
been
found
injecting
malicious
payloads
into
the
transaction
indicating
a
sophisticated,
well
planned
and
targeted
attack
on
one
specific
Gnosis
Smart
Contract
Multi-Sig
wallet.”

The
exchange

filed
a
police
report

and
engaged
with
the
Indian
Computer
Emergency
Response
Team
(CERT-In)
earlier
today.
The
stolen
funds
account
for
more
than
45%
of
its
$500
million
holdings,
according
to
a
transparency
report
from
June.
Crypto
security
firm
Elliptic

said

that
North
Korean
hackers
appear
to
be
behind
the
exploit.

Liminal
did
not
respond
to
a
request
for
comment.

Edited
by
Sheldon
Reback.

Continue Reading

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