Delhi police busted a Bengal man, SK Masud Alam in case of a maassive ₹2,000 crore WazirX hack using a fake account sold on Telegram. After the arrest, WarzirX cooperated but custody firm liminal isn’t sharing any info outside. Cops are suspecting an inside job and are investigating further to uncover more links related to this massive cyber attack.
Delhi police have successfully arrested an individual named SK Masud Alam. He is from West Bengal and had serious connections with a cyberattack on cryptocurrency exchange. The platform they were using to lure in victims was WarzirX, they used this platform to steal digital assets worth ₹2,000 crore.
Basically he ran this attack by setting up a fake account, which especially targeted WazirX’s hot wallet and attempted to breach its cold wallet. This attack was reported as one of the largest breaches in the crypto sector, drawing attention from higher ups on security vulnerabilities within the digital asset exchange.
Read more about: South Korea Busts $230M Crypto Scam: 215 Arrested, 15,000 Victims
The main person, Alam is a resident of East Midnapore in West Bengal and was apprehended by Delhi Police’s Special Cell following an investigation led by the Intelligence Fusion and Strategic Operations (IFSO) division. Alam created a fake WazirX account in the name of Souvik Mondal, which he later sold via Telegram to an individual named M Hasan. This account was the main one carrying out the cyber attacks. The authorities are continuing their investigation on Alam suspecting that this might be more larger network than what it seems to look like.
Liminal custody, the firm that secured WazirX’s wallets is in hot water for not helping out Delhi Police with the investigations. Despite their repeated attempts, they didn’t share any key infos which raised questions about security practices. Cops plan to dig into Liminal’s role further in a follow-up chargesheet.