WazirX was cyber attacked by North Korea, now three countries joined hands to take action
WazirX, India’s leading crypto exchange, recently became the victim of a major cyber attack. This attack is being linked to North Korea, which has created a stir at the international level. Now three countries—India, America and South Korea—have decided to join hands to take action in this matter. This incident not only highlights the growing concerns regarding cyber security, but also emphasizes the need for global cooperation in this regard.
How was WazirX attacked?
According to reports, a notorious hacking group linked to North Korea launched a cyber attack on WazirX. The purpose of this attack was to steal cryptocurrency and use it to finance their activities.
Hackers tried to breach the security system of the exchange using cutting-edge techniques. Although WazirX’s cyber security team caught this attack in time, it showed how dangerous the intentions of cyber criminals can be.
North Korea’s cyber crime network
North Korea has long been notorious for its cybercrime networks. The country uses notorious hacking organizations like “Lazarus Group” to carry out cyber attacks against various countries and organizations.
Experts believe that the main objective of these attacks is to steal foreign currency and crypto assets, so that North Korea can continue its nuclear and military programs despite international sanctions.
Cooperation between India, America and South Korea
India, America and South Korea have decided to cooperate among themselves to deal with this serious matter. The agencies of the three countries are jointly investigating this cyber attack and trying to find out how big is the real scope of this network.
With international cooperation it is expected that it will be possible to track cyber criminals and take strict action against them.
What steps did WazirX take?
WazirX has taken steps to further strengthen its security systems immediately after this attack. The company has said that it is using cutting-edge technologies to keep the assets of its users safe.
After this incident, WazirX has also advised its users to use two-factor authentication (2FA) and strong passwords to increase their account security.
Increasing threat of cyber attacks on crypto exchanges
This incident once again shows that crypto exchanges are the target of cyber criminals. Despite the security of blockchain technology, exchange platforms are often vulnerable to hacking.
Experts say that these types of attacks are a result of the growing digital economy and popularity of crypto currencies. Therefore, exchanges and users should always remain vigilant.
North Korea and crypto crime
North Korea’s crime through crypto currency is not a new thing. Even before this, Lazarus Group has attacked many big international crypto exchanges. Their aim is to use the stolen assets to further their national objectives.
Experts believe that it is time that the international community comes together and takes strong steps against cyber crimes.
