WazirX suspects that the attack incident originated from the third-party operational custodian Liminal being compromised, resulting in a loss of funds exceeding 230.00 million US dollars.

Deep Tide TechFlow News, the Indian cryptocurrency exchange platform WazirX has announced the preliminary investigation results of the attack incident. WazirX stated that one of the platform's multi-signature wallets was subjected to a cyber attack, resulting in a loss of funds exceeding 230.00 million US dollars.

Since February 2023, the wallet has been operated using Liminal's digital asset custody and wallet infrastructure services. The report indicates that the cyber attack originated from discrepancies between the data displayed on the Liminal interface and the actual content of the transactions. During the cyber attack, the information displayed on the Liminal interface did not match the actual content of the signatures. WazirX suspects that the payload was replaced to transfer control of the wallet to the attacker.

WazirX concluded by stating, "This is a force majeure event beyond the team's control, but the team is doing everything possible to locate and recover the funds. Some deposits have been frozen by the team, and relevant wallets have been contacted for recovery."