Indian police arrest suspect in $230 million WazirX crypto exchange hack

Delhi police arrested a suspect allegedly linked to the theft of at least $230 million from crypto exchange WazirX; investigators say a fake account created and sold via Telegram was used to breach the exchange's hot wallet while attackers attempted to access cold storage. The report notes that Liminal Custody, the firm securing WazirX's wallets, has not cooperated with investigators, complicating efforts to trace stolen assets, and media coverage suggests the breach resulted from deceptive external access rather than an internal system vulnerability.