#WazirX freezes $3 million in stolen assets#

Six months after suffering a cyberattack, crypto exchange WazirX announced the freezing of the first batch of stolen assets, worth approximately $3 million. This marks a step forward for victims, as investigating agencies have identified a portion of the stolen funds, bringing them closer to recovering their assets. Previously, WazirX suffered a cyberattack on July 18, 2022, resulting in the theft of over $230 million in digital assets. On January 14, the United States, South Korea, and Japan issued a joint statement attributing the theft to North Korean hackers. Through on-chain forensic work and legal avenues targeting the third parties involved in the hacking and subsequent asset movement, WazirX has been adequately prepared to maximize the recovery of stolen assets, benefiting the planned creditors. While this represents a small fraction of the stolen assets, this move demonstrates WazirX’s proactive efforts in recovering stolen funds and providing restitution to victims.