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India, January 17, 2025. As part of ongoing recovery efforts following last year’s cyber attack, WazirX has successfully frozen the first tranche of assets stolen in the cyber attack (“Stolen Assets”) worth ~$3 million. Zettai works with law enforcement agencies, forensics experts, investigative agencies, as well as legal experts on stolen to identify and locate assets while charting the best course of action for all affected platform users.
Commenting on the development, WazirX founder Nishal Shetty said: “This is just the beginning. We are fully committed to recovering Stolen Funds, leaving no stone unturned to maximize recoveries within the program. We appreciate our users’ patience and support as we navigate this difficult situation together.”
“Efforts to recover stolen assets are fully underway and moving in the right direction, between on-chain forensic work and legal avenues against third parties complicit in the hacking and subsequent dispersal, the Company is well-positioned to maximize the recovery of stolen assets. Scheme Creditors benefit.” under,” said Jason Kardachi, Managing Director and Co-Head of the Global Restructuring Practice, Kroll.
The announcement follows a joint statement by the governments of the United States, South Korea and Japan that officially attributed the WazirX cyber attack to North Korean hackers.
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More from the press.
- Crypto Exchange WazirX Freezes $3 Million Stolen in Hacking Attack
- WazirX successfully freezes first tranche of stolen funds, worth approximately $3 million
- WazirX has frozen the first batch of stolen funds worth $3 million
- WazirX freezes the first tranche of stolen funds worth USD 3 million
Disclaimer: Cryptocurrency is not legal tender and is currently unregulated. Please ensure that you exercise sufficient risk when trading cryptocurrencies as they are often subject to high price volatility. The information presented in this section does not represent any investment advice or WazirX’s position reserves the right, at its sole discretion, to modify or amend this blog post at any time and for any reason without notice. prior notice.
