WazirX

WazirX Security Crisis: Are Blockchain Systems Failing?

WazirX Security Crisis: Are Blockchain Systems Failing?

India’s biggest cryptocurrency exchange, WazirX, lost almost half of its reserves overnight. According to WazirX, the cybercriminal group Lazarus orchestrated the attack, which stole nearly $230 million of the investor’s holdings. After this incident, WazirX temporarily halted the Indian rupee (INR) Withdrawals and cryptocurrency transfers while investigating the incident. The company confirmed this through its…