WazirX Incident

There’s been a troubling development at WazirX, a major Indian cryptocurrency exchange. According to a preliminary report they published, the company has suffered a cyber attack that resulted in a significant loss of digital assets. The cause, as per WazirX, seems to be a discrepancy between the information displayed on the Liminal wallet interface (used for storing crypto) and the actual transaction details.

This has sparked a blame game between WazirX and Liminal Custody, the company providing the wallet infrastructure. While WazirX claims the attack exploited a mismatch in displayed data, Liminal denies any breach in their system. They maintain that their infrastructure, wallets, and assets remain secure.

The situation is further complicated by the discovery of malicious code on three user machines. This suggests a targeted attack on a specific type of multi-signature wallet used by WazirX. However, some voices, like the one you included, cast doubt on the official narrative. They suspect this might be an elaborate scheme to mislead investors and authorities, potentially a way to avoid scrutiny and escape financial obligations.

WazirX and Liminal Custody are now blaming each other for the breach.