PANews reported on January 17 that according to Thehindu Businessline, six months after the crypto exchange WazirX suffered a cyber attack, it announced the freezing of the first batch of stolen assets, worth about $3 million. This means that the investigation agency has identified the stolen funds, bringing the victims one step closer to recovering their assets. Previously, on July 18 last year, WazirX suffered a cyber attack, resulting in the theft of more than $230 million in digital assets. On January 14, the United States, South Korea, and Japan issued a joint statement blaming the theft on North Korean hackers.

Jason Kardachi, Kroll’s managing director and co-head of global restructuring, who is leading WazirX’s restructuring, said, “Through on-chain forensic work and legal avenues targeting third parties involved in the hack and subsequent loss of assets, the company is well positioned to maximize the recovery of stolen assets for the benefit of creditors under the plan.”