WazirX breach post-mortem: Dismantling the $230M attack
The WazirX breach highlights vulnerabilities in multisig wallets despite stringent security measures, with hackers exploiting discrepancies in data.
The WazirX breach highlights vulnerabilities in multisig wallets despite stringent security measures, with hackers exploiting discrepancies in data.
Chainalysis launched Operation Spincaster in April, which targets “approval phishing” scams through education, tools, and training.
The team also announced it was working on a voluntary compensation plan to reimburse 100% of funds to users affected by the exploit.
The trial was part of an initiative set up by the European Central Bank to identify how blockchains can facilitate central bank money settlement.
Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.
Blockchain forensics firm Elliptic told Cointelegraph that specific patterns and techniques in the WasirX attack led them to believe North Korean hackers were behind the incident.
The volume of new deposits into the OFAC-sanctioned crypto mixer has jumped significantly in the first half of 2024.
The team also announced it was working on a voluntary compensation plan to reimburse 100% of funds to users affected by the exploit.
The trial was part of an initiative set up by the European Central Bank to identify how blockchains can facilitate central bank money settlement.
WazirX hackers were preparing 8 days before the $235M theft The hackers behind the $235 million WazirX crypto exchange breach began preparing onchain at least eight days prior, according to…