ChainCatcher news, according to BeInCrypto, Indian police have arrested West Bengal resident SK Masud Alam for allegedly participating in the WazirX hacking incident. Earlier this year, the hacking incident resulted in a loss of over $230 million in cryptocurrency, leaving customers unable to withdraw their funds.Alam is accused of creating a fake account under the alias Souvik Mondal and selling that account to hackers via Telegram. The account was later used to conduct illegal operations against the cryptocurrency exchange WazirX.

ChainCatcher news, Nischal Shetty, the founder of the Indian cryptocurrency exchange WazirX, announced that the company is expanding its business and exploring the establishment of an independent decentralized exchange (DEX) to operate alongside its current centralized services.According to Shetty, the decision to launch the DEX is a response to the WazirX security incident in July 2024, when attackers stole approximately $235 million in user funds from the exchange. The latest initiative will help eliminate the counterparty risks inherent in centralized platforms. He also revealed plans to launch a corresponding DEX token for paying platform fees and providing governance tools.In addition, WazirX will reopen its trading platform, allowing users to resume trading to increase trading volume. The fees generated during this period will be shared with creditors, creating new avenues for fund recovery.

ChainCatcher news, according to the official announcement, the cryptocurrency exchange WazirX, which was previously hacked for over $230 million, has announced the launch of a recovery token for the settlement of outstanding debts. This token will be airdropped to creditors proportionally based on their balances on the platform.The recovery token will provide a recovery path through the following means: future platform profits; monetization of illiquid assets held by third parties from new business initiatives; and recovery of stolen assets. The main use cases for the recovery token include: buybacks: to facilitate creditor recovery and capture market trends. Additional liquidity: depending on the sentiment of creditors, the token can be traded on the open market for early access to funds, providing flexibility and opportunities for immediate value.It is reported that on July 18, the Indian cryptocurrency exchange WazirX suffered a hacking attack, and its multi-signature wallet on the Ethereum network was compromised. A total of $234.9 million was transferred to a new address.

ChainCatcher news, according to Cointelegraph, as WazirX undergoes debt restructuring following a hacker attack, its digital custody partner Liminal issued a statement addressing security vulnerabilities. Today, Liminal released an update in response to WazirX's so-called "false advertising campaign," clarifying its role in the incident.The statement said that although WazirX accused Liminal of causing a $235 million theft in July, WazirX continues to use its digital custody services, holding over $175 million in assets on its platform. Liminal emphasized that it cannot initiate transactions involving WazirX funds and stated that only the WazirX team has the capability to execute such transactions.

ChainCatcher news, according to Decrypt, WazirX plans to submit over 240,000 wallet addresses and balances to the Singapore High Court during its debt restructuring, aiming to enhance transparency and restore user trust.Previously, the exchange had frozen user funds due to a $230 million network attack in July and suspended most cryptocurrency withdrawal services. WazirX is currently undergoing legal restructuring and is working to restore user access and return funds.

ChainCatcher news, according to The Block, based on data from the Web3 bug bounty platform Immunefi, the crypto industry lost $413 million in the third quarter due to hacks and fraud, with the largest losses being from cryptocurrency exchanges WazirX and BingX, which were stolen $235 million and $52 million, respectively.

ChainCatcher news, according to a report by CoinDesk citing sources, a court in Singapore has approved a four-month stay of payment for the Indian cryptocurrency exchange WazirX under certain conditions.The conditions imposed on WazirX include disclosing its wallet addresses through a court affidavit, responding to user inquiries, revealing its books within six weeks, and ensuring that any future voting takes place on an independent platform.WazirX lost $234 million in a hack in July, accounting for about 45% of customer funds, and the company had previously submitted a six-month stay application to the Singapore High Court.

According to ChainCatcher news, monitored by PeckShield, the address marked as the WazirX attacker has laundered the last batch of 4,244.3 ETH through Tornado Cash.As of now, these attacker addresses have laundered a total of 61,744.3 ETH through Tornado Cash, worth approximately 163.6 million USD.

ChainCatcher news, according to on-chain security company PeckShield monitoring, the address marked as the WazirX attacker has laundered the final batch of 4,244.3 ETH through Tornado Cash. As of now, these attacker addresses have laundered a total of 61,744.3 ETH through Tornado Cash, worth approximately $163.6 million.

ChainCatcher news, according to monitoring by Shield, the WazirX attackers have transferred 4,250 ETH to a new address, worth approximately 11 million dollars.

ChainCatcher news, according to PeckShieldAlert, the attacker address marked as WazirX has transferred the 11th batch of 5,000 Ethereum (worth approximately $13.2 million) to a new intermediary address 0x0641...7b4a. Previously, the attacker had laundered 4,900 ETH through TornadoCash.So far, the WazirX attacker address has laundered a total of 57,500 ETH through TornadoCash, worth approximately $152.4 million.

ChainCatcher news, according to monitoring by Shield, the WazirX hacker address has transferred the 11th batch of 5,000 ETH (worth approximately 13.2 million USD) to a new intermediary address 0x064.

ChainCatcher message, the address marked as the WazirX hacker has transferred the tenth batch of 5,000 ETH (approximately 12 million USD) to a new intermediary address 0xdBdE...8C56, and has laundered 4,900 ETH through Tornado Cash. As of now, the related address has laundered a total of 52,500 ETH (approximately 139 million USD) through Tornado Cash.

ChainCatcher message, according to Cyvers Alerts monitoring, in the past 10 minutes, the WazirX attacker address has transferred 5001 ETH (approximately 13.2 million USD) to an address starting with 0xdBdE, and these funds are expected to be transferred to Tornado Cash for laundering.

ChainCatcher news, according to PeckShield monitoring, the WazirX attacker has moved the 7th batch of ETH (5000 coins) to a new intermediary address 0x46b9...0A0a, and then sent it to TornadoCash for laundering.

ChainCatcher message, Arkham tracking data shows that since Monday, the WazirX attackers have transferred a total of 15,000 ETH at a rate of 5,000 ETH per transaction. As of Thursday morning, the wallet still holds tokens worth over 50 million dollars, primarily in ETH.

ChainCatcher message, according to the Cyvers Alerts system monitoring, the WazirX hacker transferred 5000 ETH (approximately 12 million USD) to a new address.

ChainCatcher news, according to PeckShield monitoring, the wallet address marked as the WazirX attacker has laundered 5000 ETH (worth approximately 11.6 million USD) through Tornado Cash. The WazirX exploiters have so far laundered a total of 37600 ETH (worth approximately 87 million USD) through Tornado Cash.

ChainCatcher news, according to PeckShieldAlert monitoring, the wallet address marked as the WazirX attacker has transferred 5000 ETH (approximately 11.6 million USD) to the new address 0x5990...b6a6a.