WazirX Officially Responds to $230 Million Security Breach Incident
The Digital Heist: A Deep Dive into the Multimillion-Dollar Breach In an unforeseen twist that has sent ripples through the cryptocurrency world, a prominent Indian cryptocurrency exchange faced a cyber attack that resulted in a staggering loss of over $230 million This incident not only highlights the continuously evolving cyber threats but also raises crucial questions about digital asset custody and security measures in place to safeguard these assets Let's unravel the details of this breach and understand its implications on the digital currency landscape The Breach Explained At the heart of this debacle was a multisig wallet, a type of cryptographic wallet that requires multiple signatures to execute a transaction, which was compromised This particular wallet, operational since February 2023, was fortified with several security measures designed to be impenetrable...
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