Cryptocurrency exchange WazirX has been cleared of any wrongdoing in the cyber attack that stole $230 million. A forensic analysis revealed that the cybercriminals did not compromise the company’s laptops used for transactions.
A Google subsidiary and a cybersecurity firm leader, Mandiant Solutions, performed the investigation at WazirX’s request. According to Mandiant’s report, the three laptops used to sign transactions did not show any signs of being compromised.
The results obtained indicate that the kick-off of the attack primarily is with Liminal, the digital asset custody and wallet infrastructure provider controlling the wallet in question. This latest information comes a few weeks after the huge theft of digital assets worth more than Rs 2,000 crores from one of them.
WazirX CEO Nischal Shetty expressed relief at the results, stating, “We’re glad that it’s all clear there is NO compromise on WazirX side.” He also raised questions about Liminal’s role in the incident, including the extent of the breach in their systems and the possibility of insider involvement.
WazirX reaffirms commitment to security and transparency
The result of the investigation has been a big step for WazirX. Once again, WazirX is proving its promise of security and transparency. The company spokesperson pointed out their total cooperation with law enforcement agencies and the recovery of the funds that were stolen.
The new development ends all the previous ponderings about the connection of WazirX to the cyberattack. In his address, Shetty challenged Liminal’s quick and reckless conclusion of WazirX’s guilt without any evidence. Thus stressing the importance of careful investigations in such high-risk cases.
As per Shetty, the crypto community now awaits Liminal’s disclosure of the attack’s particulars. Such as how their systems permitted a transaction to a non-whitelisted address and why their website showed a real transaction while sending a wrong payload for signing.
Additionally, WazirX has assured customers that they are fixing problems related to INR and crypto assets on their platform. However, this incident constitutes a shocking reminder that security concerns still exist in the cryptocurrency sector.
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