Nischal Shetty announced the recovery of $3 million worth of cryptocurrency out of a total of $235 million, which was stolen by North Korean hackers in 2024.
WazirX was a popular crypto exchange among Indian crypto traders. In mid-2024, this exchange was hacked by unknown hackers; Later, evidence was found that the hackers were affiliated with the North Korean hacking group Lazarus. In that incident, the exchange lost almost $235 million, representing approximately 45% of customer funds. Until that day, the services of this exchange have been suspended and the leadership of this exchange has been working to obtain regulatory approval to restart the services.
On January 17, 2024, Nischal Shetty, CEO of WazirX crypto exchange, informed WazirX clients that the WazirX team managed to recover $3 million worth of cryptocurrency.
Nischal said this is just the beginning and the team has been involved in this matter to recover more funds.
Most of the Crypto influencers praised the WazirX team for this good work and also wished for a better result in the future.
A crypto Fake public relations.
After this tweet, many critics came out against the WazirX exchange and said that they did nothing for the clients because they recovered a very small amount, but they had already taken large amounts of the clients’ funds to fight against the WazirX clients. .
Following this good news, the trading price of WazirX’s native token, $WRX, increased by 23% in 24 hours.
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