An investigation into the hack that caused the Indian crypto exchange WazirX to lose over $230 million from one of its multisig wallets has confirmed that its systems and laptops were not compromised. Mandiant Solutions, a Google subsidiary hired by WazirX for the forensic analysis, has cleared the exchange of any fault, according to a blog post by WazirX.

A subsidiary of Google, Mandiant Solutions which was subsidiary of Google was hired by WazirX to carry out the forensic investigation, and it has given it a “clean chit”. A multisig wallet requires multiple private keys to access or transfer cryptocurrency assets.

Last month, WazirX experienced a cyberattack in which nearly $234.9 million in crypto assets was stolen, representing 45% of the total user funds on the platform. As a result, WazirX suspended operations and withdrawals.

The security breach reportedly affected WazirX’s Safe Multisig wallet, which required authorization from three members of the crypto exchange and a final approval from former partner and wallet infrastructure provider Liminal to process transactions.

Mandiant found no evidence of compromise on the three laptops used for signing transactions, WazirX stated. While a detailed report is still pending, the initial findings suggest that the cyberattack likely originated from Liminal.

WazirX highlighted that the compromised wallet utilized Liminal’s digital asset custody and wallet infrastructure.

One of the senior spokesperson said that, they had full faith in the investigating agency and they would cooperate with them to the fullest extent and also added that they are actively working on recovering the stolen funds and are hopeful that those responsible will be brought to justice.

The new comes after WazirX has eliminated Liminal and began migrating its remaining assets related to the $230 Mn cyberattack on the crypto exchange.

Reportedly, a petition has also been filed with the National Company Law Tribunal (NCLT) against WazirX and others seeking probe into the hack.

Previously, it was reported that WazirX reversed its stance on the socialized loss strategy after facing backlash from users. The crypto exchange had initially proposed that customers absorb 45% of the losses resulting from the hack.

However, the proposal received criticism from the crypto community, with many viewing WazirX’s 55-45 approach as unfair. According to the proposal, 45% of customers' portfolio tokens would have been converted into USDT-equivalent tokens and locked, potentially reducing the overall value of their portfolios.