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WazirX Data Breach Jul 2024

No known CVEs used

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Security Incident Summary

Severity Score

Significant to High

Organization

WazirX

Threat Actor

APT38

aka

Actor Type

APT

Type of Breach

Data Breach

News Timeline

Sep 03, 2024

Additional Report

Indian Crypto Exchange WazirX Faces Uncertain Future After Cyberattack thecyberexpress.com - WazirX revealed that following the cyberattack confirmed on July 18, 43% of the lost customer funds, amounting to over $230 million, are unlikely to be recovered, attributed to a discrepancy in data d...
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Jul 28, 2024

recovery plan

Crypto Exchange WazirX Outlines Path to Recovery Post-Hack, Users to Bear Part of Loss thecyberexpress.com - WazirX has implemented a socialized loss strategy where 55% of user crypto assets will be immediately accessible, and 45% will be converted to locked USDT-equivalent tokens, aimed at rapidly resuming ...
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Jul 22, 2024

Bounty Program Launched

WazirX Cyberattack: $230 Million Stolen, Bounty Program Launched Amid Security Crisis thecyberexpress.com - WazirX paused trading and withdrawals after hackers compromised the private keys to a multisig wallet, leading to the theft of $230 million. The company has launched a three-month bounty program, offe...
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Jul 19, 2024

Breach Confirmed

WazirX Cryptocurrency Exchange Loses $230 Million in Major Security Breach thehackernews.com - Indian cryptocurrency exchange WazirX confirmed a security breach involving a multi-signature wallet managed through Liminal's digital asset custody services, resulting in the theft of over $230 milli...
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Jul 18, 2024

Initial Disclosure

WazirX Hacked: $230 Million Lost as Indian Crypto Exchange Suspends Withdrawals thecyberexpress.com - WazirX has reported a significant security breach involving its Safe Multisig wallet on the Ethereum blockchain, resulting in a financial loss estimated to exceed $230 million. The attacker exploited ...
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Organization Details

Organization Size

100

HQ Location

Mumbai, India

Industry

Technology

Security Stack used by WazirX at time of breach (best approximation) Why?

Network Security

VPN/SASE

IDS/IPS

Endpoint Security

EDR

MDM

Identity Management

SSO / MFA

IGA

Application Security

WAF

SCA

Cloud Security

CASB

CWPP

SIEM / Threat Intel

SIEM

TIP

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What is WazirX?

WazirX is a cryptocurrency exchange platform based in India, which allows users to buy, sell, and trade various cryptocurrencies including Bitcoin, Ethereum, Ripple, and Litecoin. The platform was founded in 2017 by Nischal Shetty, Sameer Mhatre, and Siddharth Menon with the aim of simplifying the p...
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