The recent WazirX hack and the use of Tornado Cash to launder 400 ETH highlight the ongoing challenges around privacy in crypto. However, there are more transparent solutions that ensure privacy without enabling illicit activities. $FIRO stands out as one of the most advanced privacy coins, using Lelantus Spark and Spark addresses to let users burn and redeem coins without leaving any trace, offering decentralized, user-controlled privacy. Innovations like these are crucial for boosting security and trust in the crypto ecosystem.

WazirX, an Indian cryptocurrency exchange, recently experienced a breach where hackers made away with over \$500 million worth of crypto assets. According to the blockchain security firm PeckShield, the hackers have transferred about 400 ETH, worth roughly \$550,000 to Tornado Cash. Tornado Cash is a privacy tool that allows users to hide the source and destination of their transactions, making it difficult for investigators to track stolen funds. This transfer raises concerns that the hackers may be attempting to launder the stolen funds and evade detection. WazirX has been criticized for its handling of the breach, and many users have expressed frustration over the lack of information and communication from the exchange. The transfer of funds to Tornado Cash further complicates the situation and highlights the challenges of recovering stolen crypto assets.