WazirX Investigating Potential Security Breach Linked to Liminal Wallet

IconCryptoNewsTerminal Staff18 Jul, 2024

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WazirX Investigating Potential Security Breach Linked to Liminal Wallet

Indian cryptocurrency exchange WazirX has acknowledged a potential security issue related to the Liminal multi-signature (multi-sig) wallet. The exchange reported losing cryptocurrencies worth $230 million in a hack earlier today. In an official statement on Twitter, WazirX stated, "Our team is actively investigating this issue and working on a resolution. Further updates will be shared as they become available." The multi-sig wallet is a digital wallet that requires multiple signatures or authorizations to execute transactions. This incident highlights the ongoing need for robust security measures in the cryptocurrency industry. WazirX has assured customers that it is committed to resolving the issue and ensuring the security of their assets. Further updates on the investigation will be shared as they become available.

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