WazirX Vice President Rajagopal Menon on Thursday described as a “force majeure event beyond our control,” the cyber attack on one of its multisignature wallets resulted in a loss exceeding $230 million.

What Happened: In statement to Benzinga, Menon stated that the attack targeted a multisig wallet that had been utilizing Liminal’s digital asset custody and wallet infrastructure since February 2023.

The wallet’s security setup included six signatories – five from WazirX and one from Liminal – with transactions requiring approval from three WazirX signatories and a final approval from Liminal.

“Despite robust security features, including the Gnosis Safe multisig smart contract…

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