WazirX Focuses on Recovering Illiquid and Stolen Assets: Updates and Strategies

Indian crypto exchange WazirX has reaffirmed its commitment to recovering non-liquid wallet assets and stolen funds. In an update shared on the X platform, the exchange highlighted its proactive efforts, led by Kroll, to enhance platform security and devise recovery strategies.Key recovery measures include:Collaborating with law enforcement agencies to trace and freeze USDT balances linked to thefts.Preparing a comprehensive forensic report to evaluate the recovery potential of stolen assets.Considering legal actions against individuals or entities involved in cyberattacks and asset dispersal.To ensure transparency, WazirX plans to release a recovery progress report every four months, providing creditors with regular updates on the status of recovery efforts.