Delhi Police arrested SK Masud Alam in connection with the $230 million theft from the cryptocurrency exchange WazirX. He is accused of creating a fake account used in the July cyberattack.
Arrest of SK Masud Alam
The suspect, SK Masud Alam, was arrested by Delhi Police. He is accused of being connected to the cyberattack on crypto exchange WazirX, which resulted in the theft of $230 million. The arrest is a significant development in the investigation.
Fake Account Creation on WazirX
According to the chargesheet, Alam created a new account on the WazirX platform under the name Souvik Mondal, which he then sold to M Hasan via Telegram. Hasan is believed to be the person who executed the hack.
Liminal Custody's Role in Investigation
The chargesheet also mentioned some level of non-cooperation from Liminal Custody, an institutional digital asset custody platform responsible for securing WazirX's wallets.
The arrest of SK Masud Alam marks an important step in uncovering the WazirX theft case. The investigation is ongoing.
