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Crypto exchange WazirX freezes 3,000,000 USD in stolen funds

WazirX has frozen 3,000,000 USD in USDT as part of recovery efforts after a 230 million USD hack in July. The exchange is undergoing restructuring to trace and recover stolen assets, marking a crucial step in their efforts.

WazirX plans to reopen trading by February 2025, according to co-founder Nischal Shetty. Legal complexities arise as CoinSwitch files a lawsuit for locked funds due to the hack.

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