WazirX Hack: $235M Breach Linked to Liminal, No Internal Compromise Found; Withdrawals and Trading to Resume

WazirX, an Indian cryptocurrency platform, recently experienced a $235 million hack on July 18.

The company has stated that their internal machines show no evidence of compromise, suggesting that the breach may have originated from Liminal, a custody service provider.

The hack has had a ripple effect on other Indian crypto platforms and is likely to stall ongoing regulatory discussions within the industry. Industry experts have commented on the situation, with some pointing to misinformation and mutual blame between WazirX and Liminal.

WazirX plans to resume withdrawals and trading. Polygon CISO Mudit Gupta noted the extent of misinformation surrounding the incident.

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