Delhi Police Arrests Key Suspect in Massive WazirX $230M Crypto Breach
- Delhi Police apprehended SK Masud Alam from West Bengal for involvement in WazirX’s $230 million cyber heist.
- The suspect allegedly sold a fake WazirX account on Telegram, aiding the security breach.
- Liminal Custody, managing WazirX wallets, reportedly hindered investigations by not providing vital data.
- WazirX users are unable to access funds during a bull market, leading to significant frustration and missed opportunities.
Authorities are also probing the alleged use of Tornado Cash by the hacker to launder funds, adding a complex layer to the investigation.
This incident underscores the critical need for robust security measures in the rapidly evolving cryptocurrency landscape, emphasizing the importance of cooperation between exchanges and custodial services to safeguard digital assets.
