Crypto Theft: WazirX Freezes $3 Million in Stolen Assets

As part of its ongoing recovery efforts, WazirX has frozen $3 million worth of stolen assets. This comes almost six months after it was hit by a $235 million hack. Cofounder Nischal Shetty said the company remains “fully committed to recovering stolen funds” and maximising recoveries under the Scheme of Arrangement WazirX’s parent Zettai is actively working with law enforcement agencies to trace and retrieve the stolen assetsThe company said in a statement, "WazirX has been able to freeze the first set of assets that were stolen during the cyberattack (the "Stolen Assets").

These assets are worth about $3M USDT [Tether]."Zettai, the parent company of WazirX, stated that while the platform undergoes reorganization procedures, it is actively collaborating with law enforcement, forensic specialists, investigative authorities, and legal professionals to track down and recover the stolen assets."This is only the start. Nischal Shetty, a cofounder of WazirX, stated, "We are totally dedicated to recovering the stolen funds … [and] maximising recoveries under a scheme."