CoinVoice has learned that Indian police have arrested West Bengal resident SK Masud Alam for his alleged involvement in the WazirX hack, which resulted in the loss of more than $230 million in cryptocurrency earlier this year, with customers unable to withdraw their funds, according to BeInCrypto.
Alam is accused of creating a fake account under the pseudonym Souvik Mondal and selling it to hackers via Telegram. The account was later used to conduct illegal operations on cryptocurrency exchange WazirX. [Original link]