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, on-chain detective ZachXBT posted on platform X, analyzing hacker behavior through on-chain data, indicating that the WazirX hacking incident has characteristics of an attack by the hacker organization Lazarus Group. ZachXBT stated: "I hope the WazirX team can publicly share their investigation results. I solved the Arkham bounty issue and discovered the KYC exchange deposits made by the WazirX hacker; unfortunately, this may not be very helpful, as KYC-verified accounts can be easily purchased online for any transactions."