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Six months after the cyberattack that shook the cryptocurrency space in India, WazirX exchange announced the freezing of the first tranche of stolen assets worth around $3 million. This means that the investigating entities have identified the stolen funds, bringing the victims one step closer to recovering their assets.
On July 18, WazirX experienced a cyberattack that led to theft of digital assets exceeding $230 million. The incident severely affected India’s confidence in the crypto ecosystem. Since then, Zettai Pte Ltd, the parent entity that operates WazirX, has been working with law enforcement agencies, forensic experts, investigating authorities as well as legal experts to trace and retrieve stolen assets. On January 14, the US, Republic of Korea and Japan had issued a joint statement attributing the theft to North Korean Hackers Democratic People’s Republic of Korea (DPRK).
