Crypto Hacks Continue: WazirX and Li.Fi Compromised
Shiva Ganesh
Indian crypto exchange WazirX experienced a security breach in one of its multisig wallets, resulting in the loss of over $230 million
The Li.Fi protocol was compromised following a smart contract upgrade that reintroduced a previously fixed bug, allowing a hacker to exploit the swapping feature
Blockchain analysis firm Elliptic suggested that North Korean hackers were behind the WazirX attack
WazirX has temporarily paused all INR and crypto withdrawals to ensure the safety of user assets while investigating the breach
These incidents highlight the continuing threat of hacks in the crypto space, emphasizing the need for robust security measures