WazirX freezes first tranche of stolen funds worth USD 3 million

Cryptocurrency exchange WazirX on Friday said it has frozen the first tranche of assets which were stolen during last year's cyberattack worth USD 3 million. In a statement announcing the freezing of about USD 3 million in stolen assets (USDT), Founder Nischal Shetty said WazirX is fully committed to recovering the stolen funds «leaving no stone unturned to maximise recoveries under a scheme».

«As part of the ongoing recovery efforts following last year's cyberattack, WazirX has been successful in freezing the first tranche of assets that were stolen during the cyberattack worth USD 3 million USDT,» according to WazirX statement.

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Abiding by efforts of recovery of stolen assets, while the platform goes through restructuring proceedings, Zettai (WazirX parent) has been working in partnership with law enforcement agencies, forensic experts, investigating authorities as well as legal experts to trace and retrieve stolen assets while charting the best course of action for all of the platform's affected users, it further said.

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