The Indian crypto exchange WazirX says it has frozen $3 million worth of the stablecoin USDT connected to the massive $230 million hack on its platform last year.
The Indian crypto exchange WazirX has announced that it has frozen $3 million worth of the stablecoin USDT, connected to the massive $230 million hack on its platform last year.
The exchange stated that the freeze marks an “important milestone” in recovering user assets.
A hacker stole over $230 million in assets from the exchange in July last year, and some of the stolen crypto has been laundered through the mixing platform Tornado Cash.
WazirX says the freezing of the USDT is a "crucial step" in recovering user assets.
The exchange has been working with relevant authorities and blockchain analytics firms to trace and recover the stolen funds.
This latest development is a significant achievement in their efforts to restore user assets and rebuild trust.
The exchange remains committed to exploring all avenues to fully recover the stolen crypto.
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