WazirX Theft: Liminal Infrastructure Damage Suspected, Exchange Clarifies

IconCryptoNewsTerminal Staff25 Jul, 2024

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WazirX Theft: Liminal Infrastructure Damage Suspected, Exchange Clarifies

WazirX Cryptocurrency Exchange, the popular Indian exchange, has refuted claims that their recent theft was due to damage to its own equipment. After an initial statement blaming damage to the Liminal multi-sig wallet, WazirX has revised its stance. The exchange now believes that the attack is likely related to a contract upgrade by Liminal, a Singapore-based digital asset custody provider. WazirX suspects that Liminal's infrastructure may have been compromised, potentially leading to the theft. Forensic results are still pending, but WazirX maintains that the possibility of damage to Liminal's infrastructure is high. The exchange had previously reported a loss of $230 million in the incident.

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