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International Business Times
International Business Times
Business
Marvie Basilan

Indian WazirX Hacked For $230M: $SHIB Dips After North Korea-Linked Exploiters Dump Stolen Tokens

WazirX Hack Lazarus Group North Korea Crypto India Lazarus Aditya Singh Zachxbt blockchain
Crypto sleuths said the WazirX exploit appears to have been carried out by Lazarus Group. (Credit: Bybit/flickr.com)

KEY POINTS

  • WazirX said the exploit was a 'force majeure event beyond our control'
  • Most of the stolen assets were in $SHIB, while the rest were in $ETH and other tokens
  • Crypto users raised concerns about chances of fund recovery being low if Lazarus was indeed behind the hack

WazirX, a cryptocurrency exchange giant based in India, has been exploited for over $230 million after one of its multisig wallets suffered a security breach that blockchain security firms and experts said appears to have been carried out by North Korea-linked hackers.

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