According to BeInCrypto, Indian police have arrested SK Masud Alam, a resident of West Bengal, for his alleged involvement in the WazirX hack. Earlier this year, the hack resulted in more than $230 million in cryptocurrency losses, and customers were unable to withdraw funds.

Alam is accused of creating a fake account under the pseudonym Souvik Mondal and selling the account to hackers via Telegram. The account was later used to conduct illegal operations on the cryptocurrency exchange WazirX.