On January 17, according to Thehindu Businessline, the crypto exchange WazirX announced the freezing of the first batch of stolen assets, worth about 3 million dollars, six months after the cyber attack. This means that the investigation agency has identified the stolen funds, bringing the victims one step closer to recovering the assets. This follows the cyber attack on WazirX on July 18 last year, which resulted in the theft of more than $230 million in digital assets. On January 14, the United States, South Korea and Japan issued a joint statement blaming the theft on North Korean hackers.
Jason Kardachi, managing director and co-head of global restructuring at Kroll, which oversaw WazirX's restructuring, said: "Through on-chain forensics efforts and legal avenues against third parties involved in the hack and subsequent loss of assets, the company is well-positioned to maximise the recovery of stolen assets for the benefit of planned creditors."
WazirX Announces Freeze of First Stolen Assets, Worth About $3 million
2025-01-17 11:59:07
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