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WazirX Intensifies Recovery Efforts Amid $235M Hack, Freezes $3M in Stolen Crypto
In a bid to recover from the devastating effects of a recent massive hack, WazirX has taken decisive action by freezing approximately $3 million in stolen cryptocurrencies. This move is part of the exchange’s commitment to resolving the crisis and restoring user trust.
As reported earlier, WazirX suffered an unprecedented loss of $235 million in cryptocurrency theft. The hack, which occurred on November 5, 2024, left millions of users affected and sent shockwaves throughout the global crypto community.
In response to the incident, WazirX has been working tirelessly with law enforcement agencies and forensic experts to track down the stolen funds. According to insiders, the exchange is employing cutting-edge forensic tools and legal measures to pursue the recovery of as much as possible for creditors under its recovery scheme.
The exchange’s founder, Nischal Shetty, has expressed gratitude towards users for their unwavering support during this difficult period. He emphasized WazirX’s relentless pursuit of recovering lost assets, assuring users that transparency will remain a top priority throughout the process.
Notably, recent investigations have linked North Korea to the WazirX hack, as well as other high-profile cryptocurrency thefts. These include the infamous $308 million DMM Bitcoin theft and the $50 million Upbit hack. The exchange has announced plans to continue providing regular updates on its recovery efforts.
It remains to be seen whether these measures will yield tangible results, but one thing is certain – WazirX’s dedication to resolving this critical issue is unwavering.
Source: cryptonewsland.com
