Delhi PoliceK Special Cell has arrested a person in this connection. Cyber ​​attack But Cryptocurrency exchange WazirX resulting in an estimated loss of Rs 2,000 crore in digital assets. Accused SK Masood Alam, a resident of West Bengal, allegedly created a fake account that was used in the attack. Alam was arrested in West Bengal. East Madanipur The arrest marks an important development in the ongoing investigation as authorities work to unravel the intricate details of the crypto transactions involved in the cyber attack.

How did the hacker steal Rs 2000 crore from Minister X?

A chargesheet was filed by the Delhi Police (seen by The Crypto Times). Minister X In the crypto hack case, it was revealed that the accused SK Masood Alam allegedly opened a fake account in the name of Suwak Mandal and sold it to another person, M Hasan. Telegramwho then allegedly used it to breach crypto exchanges.
An investigation led by Delhi Police’s Intelligence Fusion and Strategic Operations (IFSO) division revealed that cybercriminals allegedly siphoned off Minister X’s hot wallet and then attempted to breach the cold wallet, which That stores funds offline with better security.
For this Delhi Police tried to collect important information from Liminal Custody. The charge sheet also highlights the alleged non-cooperation. Liminal concentrationThe firm responsible for securing Minister X’s wallet in the investigation.
Despite multiple notices, Liminal Custody failed to provide key information to the police, hampering their efforts to trace the stolen crypto assets. This lack of cooperation raises questions about the security firm’s protocol and accountability in the theft of Rs 2,000 crore.
The investigation found no evidence of unauthorized access to Minister X’s systems. WazirX has reportedly fully cooperated with authorities by providing KYC details and transaction logs. The police also seized a laptop from Minister X to investigate the alleged misuse of the multi-signature wallet.
The chargesheet indicates that the role of liminal custody in the hack will be further investigated and addressed in a supplementary chargesheet.
In July, popular Indian cryptocurrency exchange, WazirX, suffered a cyber attack that led to the theft of over $230 million (Rs 2,000 crore) in digital assets. The breach involved a multi-signature wallet, affecting about 45 percent of Minister X’s holdings.