PANews December 19 news, Indian cryptocurrency exchange WazirX published an update on 'illiquid wallet assets and stolen assets' on the X platform. WazirX stated: 'Recovering illiquid wallet assets and stolen assets remains a top priority, and the team is actively exploring all possible avenues. For stolen assets, Kroll has been hired to lead forensic assessments, enhance platform security, and plan recovery strategies, which specifically include: ① Tracking and freezing USDT balances with the support of law enforcement; ② Commissioning the preparation of a first-phase report to assess recovery potential; ③ Possibly filing lawsuits against parties involved in the network attack and dispersing stolen assets. To ensure complete transparency, a recovery report will be shared every four months under an effective plan, informing scheme creditors of the latest progress.'
Earlier today, WazirX announced an asset rebalancing and distribution plan approved by creditors and recognized by the court.