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Indian crypto exchange WazirX lost over $230 million worth of assets after addresses governing its multisig wallet were compromised. Cyvers was the first to flag the outflows, identifying the compromise of WazirX’s Safe wallet by a Tornado Cash-funded attacker on the Ethereum network. ALERTHey @WazirXIndia, Our system has detected multiple suspicious transactions involving your Safe Multisig wallet on the #ETH network. A total of $234.9M of your funds have been moved to a new address. Each transaction's caller is funded by @TornadoCash. The suspicious… pic.twitter.com/4sajAwd4Hb — Cyvers Alerts (@CyversAlerts) July 18, 2024 Read more: Hackers switching to centralized exchanges to fund crypto attacks The alert was followed up by crypto sleuth ZachXBT , who shared the Hack er’s primary address, later receiving a bounty for identifying a further funding source that came from an exchange with know-your-customer (KYC) procedures. WazirX’s acknowledgment of the ‘secu...

The Lazarus Group, known for its cybercriminal activities, has shifted its focus to Garantex, an OFAC-sanctioned exchange, to trade stolen assets for bitcoin (BTC).  This move comes despite significant efforts from various stakeholders, including on-chain monitor Elliptic, exchange partners, and the wider community, to freeze the stolen funds held in Atomic Wallet. After a significant and successful cross-community effort between @elliptic, many of our exchange partners and friends to freeze stolen @AtomicWallet funds, Lazarus have now turned to OFAC-sanctioned Exchange, Garantex, to trade their assets for BTC… pic.twitter.com/5Lk9DeGjr8 — Elliptic Investigations (@Elliptic_Inv) June 12, 2023 The Lazarus Group, a state-sponsored hacking group with alleged links to North Korea, has a long history of conducting high-profile cyber attacks targeting cryptocurrency exchanges, financial institutions, and other lucrative targets. In this instance, their attention has tur...