WazirX suffers security breach; $235 million worth of funds moved

Cryptocurrency platform WazirX suffered the biggest cyberattack on an Indian exchange, with hackers stealing more than $230 million worth of investor holdings, or nearly half of the platform’s estimated reserves.

Blockchain experts indicated possible involvement of the cybercriminal group Lazarus behind the attack. Lazarus, allegedly backed by the North Korean government, is known for having carried out the world’s largest crypto exchange attacks in the past where the attacked party was not able to recover the funds because the attackers did not engage in negotiations.