WazirX’s $235 million hack tied to North Korean cyber group; US, Japan, South Korea issues joint statement

WazirX, India’s largest cryptocurrency exchange, suffered a significant security breach in July 2024. The breach resulted in the loss of nearly 45% of its crypto asset holdings. Following the breach, the platform halted trading and suspended its operations to address the issue and enhance security measures. In a latest, the US, Japan, and South Korea have jointly attributed the security breach faced by WazirX to North Korea. They allege that North Korean Lazarus Group were behind the attack that compromised one of the exchange’s multisignature wallets.