Forensic Report Clears WazirX, Users Demand Refunds, and Transparency

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WazirX’s laptops were not compromised in the $230 million hack, a Mandiant forensic report confirms. However, questions remain about the security breach, and users demand answers.

The report, a critical part of the ongoing investigation, offers some relief to WazirX, but hasn’t fully quelled the concerns of stakeholders.

Google subsidiary @Mandiant confirms WazirX Laptops were not compromised in the cyberattack.

Mandiant, a leading cybersecurity firm, and Google subsidiary has confirmed that the laptops used by WazirX team members during the recent $230M cyberattack were NOT COMPROMISED.

This… pic.twitter.com/CNW77KZCE1

— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) August 19, 2024

Mandiant’s forensic analysis examined WazirX’s security protocols and devices used during the cyberattack. According to the report, no evidence was found indicating laptops of WazirX personnel were breached or compromised. These findings have been shared with law enforcement agencies and other relevant bodies to facilitate the recovery of the stolen assets.

Even with these assurances, the community remains on edge. The cyberattack, which exploited a multi-signature wallet system requiring at least four signatures to authorize transactions, has raised questions. Specifically, users are concerned about how such a sophisticated security setup could have been circumvented.

The report has not entirely absolved WazirX in the eyes of its users. Many feel that, regardless of the involvement of third-party service providers like Liminal, WazirX has the ultimate responsibility for safeguarding their funds. Users have taken to social media, particularly X, to express dissatisfaction.

Aditya Singh, co-founder of CryptooIndia, questioned the robustness of WazirX’s internal controls. “If the laptops were not compromised, does that mean the three signatures from WazirX were due to carelessness?” Singh asked.

Ajay Kashyap echoed these concerns, demanding that WazirX take immediate responsibility and return funds to Indian users. Ziaul Haque also questioned the security measures: “This platform is handling millions of dollars of assets with such minimal security?”

As the investigation continues, the pressure is on for WazirX to guarantee its platform’s safety and to rebuild user trust. The exchange has promised complete transparency, but users now await action, not just words.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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