#WazirX freezes $3 million in stolen assets#
Hot Topic Overview
Overview
Cryptocurrency exchange WazirX has announced the freezing of the first batch of stolen assets, valued at around $3 million, following a cyberattack in July last year. This sum represents a portion of the $235 million stolen by hackers, signifying that investigators have identified some of the stolen funds, bringing victims closer to recovering their assets. WazirX stated that they will maximize the recovery of the stolen funds through on-chain forensics and legal avenues, benefiting the creditors under the plan.
Ace Hot Topic Analysis
Analysis
Six months after suffering a cyberattack, crypto exchange WazirX announced the freezing of the first batch of stolen assets, worth approximately $3 million. The frozen assets are part of the $235 million stolen by hackers on July 18 last year, meaning that investigative authorities have identified stolen funds, bringing victims closer to recovering their assets. The US, South Korea and Japan issued a joint statement on January 14, blaming the theft on North Korean hackers. WazirX said that through on-chain forensic work and legal avenues against the third parties involved in the hack and subsequent asset movement, the company is well-positioned to maximize the recovery of stolen assets for the benefit of planned creditors.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
WazirX froze $3 million of the stolen assets from the July 2024 hack, which stole $235 million, marking the first step in recovering stolen assets.
Investigating agencies have identified the stolen funds, bringing victims closer to recovering their assets.
WazirX maximized the recovery of stolen assets through on-chain forensics work and legal avenues against third parties involved in the hacking and subsequent asset movement.
The $3 million frozen is a portion of the stolen assets from WazirX, and more stolen assets are expected to be frozen in the future.