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WazirX, an Indian cryptocurrency exchange, has frozen $3 million worth of USDT as part of its recovery efforts following a $230 million hack. This incident, attributed to North Korea's Lazarus Group, compromised 45% of WazirX's reserves. The founder, Nischal Shetty, stated that this action marks the beginning of a broader recovery plan, with law enforcement and forensic teams involved in the process. The exchange aims to rebuild trust with its users and has disclosed information about 240,000 wallets affected by the breach. Trading is expected to resume in February.
WAZIRX FREEZES $3M IN STOLEN FUNDS AFTER $230M HACK, TARGETS REBUILDING TRUST Indian crypto exchange WazirX froze $3M in USDT, part of funds stolen in a major breach blamed on North Korea’s Lazarus Group. The attack, which drained 45% of reserves, saw $50M laundered via Tornado… https://t.co/aLvgSmVehA
WAZIRX FREEZES $3M STOLEN FUNDS After a $230M hack, WazirX froze $3M in USDT, linked to North Korea’s Lazarus Group funding illegal weapons. 45% of WazirX’s reserves were compromised, but they’re bouncing back with transparency—240K wallets disclosed. Trading resumes February… https://t.co/4QGQ1eR6H2
Embattled crypto platform WazirX announced that it has frozen the first tranche of stolen virtual digital assets (VDAs) worth $3 million in USDT. @AjinkyaJK #crypto #WazirX https://t.co/QuIVgKhy1o