North Korea Suspected of $200 Million Hack on India’s Largest Cryptocurrency Exchange, WazirX

North Korea is believed to have hacked India’s largest cryptocurrency exchange, WazirX, stealing over $200 million in cryptocurrencies, according to a report by Radio Free Asia on Nov. 18. British blockchain data company Elliptic identified a North Korean hacker group as the likely culprits. Cybersecurity firm CyberSys reported that WazirX lost $234.9 million worth of cryptocurrencies in the attack, which targeted the exchange’s virtual wallet. The stolen cryptocurrencies, including Tether, Pepe, and Gala, were laundered through Tornado Cash and converted into Ethereum. WazirX acknowledged the hack and suspended withdrawals to protect assets. Elliptic and hacking expert Jack XBT both attributed the attack to North Korea’s Lazarus Group, marking it as the largest cryptocurrency theft by North Korea this year. The Lazarus Group, sanctioned by the U.S. Treasury Department in 2019, was also linked to a $35 million theft from a Japanese exchange in March.