Crypto Exchange WazirX Freezes $3M Stolen

WazirX Freezes $3 Million in Recovery from $230 Million Hack

• WazirX has frozen $3 million in USDT after a $230 million security breach.
• The breach, which occurred last July, compromised 45% of the exchange’s reserves.
• Initial investigations targeted Ethereum-based ERC-20 tokens in hot wallets.
• The Singapore High Court granted Zettai Pte Ltd a four-month moratorium for restructuring.
• Analysts tracked $50 million of stolen funds moving through Tornado Cash.

WazirX’s freezing of $3 million marks its first major success in recovering assets from the $230 million hack that compromised nearly half of its reserves last year.