Lazarus Group Behind $44M CoinDCX Heist, Experts Find Same Exploit Pattern as WazirX
Main Idea
The North Korean Lazarus Group is linked to a $44 million hack on Indian crypto exchange CoinDCX, following the same exploit pattern as a previous attack on WazirX.
Key Points
1. CoinDCX confirmed a hack on its operational wallet, with $44 million stolen in USDC/USDT from a Solana wallet.
2. Cybersecurity firm Cyvers identified the attack as the work of the Lazarus Group, noting similarities to the WazirX breach.
3. The hackers executed the theft in just five minutes, using a pre-attack setup that included a test transaction.
4. CoinDCX announced a recovery bounty program offering up to 25% of any recovered funds.
5. The exchange emphasized that user funds were not affected, as the stolen assets came from its own reserves.
Description
The July 19 heist on Indian crypto exchange CoinDCX, compromising $44 million , is reportedly linked to the infamous North Korean Lazarus Group. According to cybersecurity experts from Cyvers, the incident follows the same exploit pattern as WazirX . Surprisingly, WazirX’s security breach occurred on the same date last year, resulting in a loss of $234 million through a series of suspicious transactions. CoinDCX later confirmed the hack on its operational wallet, assuring that user funds remain ...
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