WazirX

Binance denies any ownership or operational control over WazirX during hack

Binance has denied accountability for the $235,000 loss resulting from a cyberattack on WazirX in July 2024. The corporation, overseen by the Indian entity Zanmai, has dissociated itself from the platform’s operational and financial challenges. The assault focused on a multisignature wallet containing user assets, comprising five signatories from the WazirX team and one from Liminal, a third-party custody service provider. Binance asserted that it did not participate in the

Major Security Breach at Indian Crypto Exchange WazirX: Over $235 Million Stolen

In a major security incident, Indian cryptocurrency exchange WazirX fell victim to a hack that resulted in the theft of around $235 million worth of various digital assets. The breach, which occurred on July 18th, 2024, targeted WazirX’s multisig wallet on the Ethereum network. Investigators believe the stolen funds were moved to a new address and then partially converted to Ethereum using the Tornado Cash mixing service, a tool often