Indian police have arrested the main suspect in the WazirX hacking incident

ChainCatcher news, according to BeInCrypto, Indian police have arrested West Bengal resident SK Masud Alam for allegedly participating in the WazirX hacking incident. Earlier this year, the hacking incident resulted in a loss of over $230 million in cryptocurrency, leaving customers unable to withdraw their funds.

Alam is accused of creating a fake account under the alias Souvik Mondal and selling that account to hackers via Telegram. The account was later used to conduct illegal operations against the cryptocurrency exchange WazirX.