Delhi police recently arrested a resident of West Bengal in connection with a hacker attack that drained $235 million worth of crypto from WazirX.
Details of the Arrest
Delhi police arrested SK Masud Alam, a resident of West Bengal, for allegedly orchestrating a hack on the WazirX crypto exchange. According to the police report, the suspect set up a fake account under the name 'Souvik Mondal' that was later sold on Telegram to an unknown individual named 'M Hasan'.
Role of Liminal Custody
The police report states that Liminal Custody, responsible for securing WazirX's funds, did not respond to numerous information requests, raising concerns about their security measures, which are under review in an ongoing investigation.
Impact on WazirX
WazirX incurred a loss of approximately $235 million due to the hack. The exchange has provided authorities with transaction records and ID details. Initial findings from the police found no evidence of unauthorized access to WazirX's systems.
The investigation continues, with police examining the security oversight of Liminal Custody in ongoing reports.
