Summary
- WazirX announced that it has frozen 3 million USDT to recover assets lost in the hacking incident.
- This freezing measure is part of efforts to track and recover the assets.
- After WazirX suffered a $235 million hacking loss last year, its parent company Zettai proposed restructuring.
According to the cryptocurrency-focused media Decrypt on the 17th (local time), the Indian exchange WazirX, which suffered a $235 million hacking loss last July, announced that it has frozen $3 million worth of Tether (USDT) that was stolen.
WazirX stated, "We are working to track and recover the stolen assets," and "In this process, we have frozen $3 million worth of USDT."
Previously, WazirX's parent company Zettai applied for a moratorium (debt repayment suspension) with the Singapore High Court last August following the hacking and proposed restructuring.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
