Liminal, a multiparty computation (MPC) wallet provider, released a post-mortem report on the WazirX hack, stating that its user interface was not at fault. The hack was due to three compromised WazirX devices. Liminal's multisignature wallet was set up to provide a fourth signature upon WazirX's three, making it easier for the attacker. The attacker manipulated transaction hashes, leading to failed transactions. By extracting signatures from failed transactions, the attacker successfully transferred funds. WazirX claimed robust security measures, but the breach still occurred, resulting in a $235 million loss. Despite this, WazirX is determined to recover the funds. This incident highlights the importance of secure crypto practices and the need for constant vigilance in the crypto space. The attack serves as a reminder of the risks associated with centralized exchanges and the necessity for stringent security protocols. Read more AI-generated news on: https://app.chaingpt.org/news
