Delhi Police’s Intelligence Fusion and Strategic Operations (IFSO) division has arrested a man from West Bengal, in connection with a massive cyberattack on WazirX.

In July, the crypto industry witnessed the hack of India’s largest crypto exchange, WazirX. The exploit resulted in losses of approximately $235 million, with hackers targeting the platform’s hot and cold wallets.

The accused SK Mausad Alam is under custody for allegedly facilitating the WazirX heist by opening a fraudulent account on the exchange and selling it to a third party, which led to unauthorized access to the platform.

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