TechFlow reports on January 17, according to Thehindu Businessline, that cryptocurrency exchange WazirX has successfully frozen its first batch of stolen assets worth approximately $3 million. This follows a cyberattack on the exchange on July 18, 2023, which resulted in the loss of over $230 million in digital assets.
Jason Kardachi, Managing Director at Kroll and Co-Head of Global Restructuring, who is leading WazirX's restructuring efforts, stated that the company is well-prepared to recover the maximum amount of stolen funds through on-chain forensics and legal measures. Notably, the United States, South Korea, and Japan issued a joint statement on January 14 attributing the theft to North Korean hackers.
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