WazirX Hack: Exchange Refutes Security Lapse Allegations On $230M Exploit

WazirX finds itself at the center of a heated controversy following a massive $230 million hack. The incident has not only raised alarming questions about the platform’s security measures but has also sparked a contentious debate between WazirX and blockchain security firm TruthLabs.
WazirX Hack Under Scrutiny
WazirX, a major cryptocurrency exchange, has forcefully denied accusations of security lapses that allegedly led to a staggering $230 million hack of customer assets. The company has responded to claims made by TruthLabs, a blockchain security firm, asserting that their analysis is both incorrect and misleading.
According to WazirX, the exchange employs a robust multi-signature system for their Ethereum wallet, requiring four out of six keys for transaction approval. They clarified that three separate WazirX key holders and one from their custody partner, Liminal, are involved in signing all transactions. This setup, they argue, contradicts TruthLabs’ claim that a single enti

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