PANews reported on December 19 that the Indian crypto exchange WazirX released an "Update on Illiquid Wallet Assets and Stolen Assets" on the X platform. WazirX wrote: "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, strengthen platform security, and plan recovery strategies, including: ① Tracking and freezing USDT balances with the support of law enforcement agencies; ② Commissioning the preparation of a first-phase report to assess recovery potential; ③ Possible lawsuits against parties involved in cyber attacks and dispersing stolen assets. To ensure full transparency, under an effective plan, a recovery report will be shared every 4 months to inform the plan creditors of the latest progress."
Earlier today, WazirX released an asset rebalancing and distribution plan approved by creditors and recognized by the court .
