WazirX announces freezing of first batch of stolen assets, worth about $3 million

Odaily News Six months after the crypto exchange WazirX suffered a cyberattack, it announced the freezing of the first batch of stolen assets, worth about $3 million. This means that the investigating agency has identified the stolen funds, bringing the victims one step closer to recovering their assets. Previously, on July 18 last year, WazirX suffered a cyberattack that 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, Kroll’s managing director and co-head of global restructuring, who is responsible for WazirX’s restructuring, said, “Through on-chain forensics work and legal avenues against third parties involved in the hack and subsequent loss of assets, the company is well prepared to maximize the recovery of stolen assets and benefit creditors under the plan.” (Thehindu Businessline)