WazirX Exchange Crypto Hack Post-Mortem Report
The Mumbai-based WazirX crypto exchange has released its post-mortem report on a “force majeure” incident that led to a hack of a multi-sig wallet.
Lack of Recovery for WazirX Funds
While WazirX is actively pursuing the hackers, recovery of the stolen funds seems unlikely due to the involvement of the notorious Lazarus group, known for large-scale crypto exploits. The syndicate’s history raises doubts about fund recovery efforts.
Offloading Stolen Funds by the Hacker
Arkham reported that the hacker had already offloaded almost half of the stolen loot. There is a possibility of freezing funds worth $102 million, depending on where the sold funds end up.
