Delhi Police's Intelligence Fusion and Strategic Operations (IFSO) division apprehended a man from West Bengal linked to a significant cyberattack on WazirX. In July, India's largest crypto exchange, WazirX, fell victim to a hack resulting in losses of around $235 million. The accused, SK Mausad Alam, allegedly played a role in the heist by creating a fraudulent account on WazirX and selling it to a third party, granting unauthorized access to the platform. Investigations revealed that Alam received crypto deposits worth $107,000 in the WazirX account created using his credentials. The hackers drained WazirX's hot wallet of GALA tokens to access the multisignature wallet, siphoning off millions in crypto. Despite initial suspicions of internal involvement, authorities found no evidence of unauthorized access to WazirX's systems. The investigation continues, with a supplementary chargesheet expected as more information is gathered from entities like Telegram and Liminal Custody. Read more AI-generated news on: https://app.chaingpt.org/news