Delhi police arrest suspect in $235 million theft

According to the indictment, the breach did not occur due to technical vulnerabilities in the exchange’s systems. It turned out that hackers gained access through a fake account, sold via Telegram to a third party. This account, as suspected, became the primary tool for accessing WazirX assets.

Collaboration with law enforcement

During the investigation, WazirX’s management actively cooperated with law enforcement authorities. The platform provided technical equipment, “Know Your Customer” records, and transaction logs, which were essential for analysis.

Security verification

The Indian Cybercrime Coordination Center (IFSO) noted that WazirX’s internal security systems remained uncompromised.

According to IFSO, the exchange’s security measures underwent a thorough inspection, confirming the external origin of the breach.

Execution of the crime

Hackers gained access to WazirX’s multi-signature wallet and stole cryptocurrency worth $235 million. This was the primary stage of the breach, likely organized by an experienced group of criminals.