WazirX, a cryptocurrency exchange, announced the freezing of the first batch of stolen assets worth about $3 million, six months after a cyber attack led to the theft of over $230 million in digital assets. The investigation agency has identified the stolen funds, aiding victims in asset recovery. The United States, South Korea, and Japan have attributed the theft to North Korean hackers. Jason Kardachi of Kroll, leading WazirX's restructuring, emphasized the use of on-chain forensic work and legal measures to recover assets for creditors.

PANews reported on January 17 that according to Thehindu Businessline, six months after the crypto exchange WazirX suffered a cyber attack, it announced the freezing of the first batch of stolen assets, worth about $3 million. This means that the investigation 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 cyber attack, resulting 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 leading WazirX’s restructuring, said, “Through on-chain forensic work and legal avenues targeting third parties involved in the hack and subsequent loss of assets, the company is well positioned to maximize the recovery of stolen assets for the benefit of creditors under the plan.”

WazirX Freezes $3 Million in Stolen Assets Post Cyber Attack