As per the latest on-chain data, it turns out that the WazirX hacker has converted all of the stolen altcoins into Ethereum (ETH). This development comes just as the spot Ethereum ETF is likely to go live four days from now.
On-chain data provider Spot on Chain reported that the total Ethereum holdings of the WazirX exploiter have surged to 59,097 ETH, valued at $201 million. This includes:
15,298 ETH ($52 million) stolen directly from the exchange.
43,799 ETH ($149 million) obtained by liquidating various assets, notably 5.43 trillion SHIB ($90.2 million), 20.5 million MATIC ($10.2 million), and 640.27 billion PEPE ($7.48 million).
As per Spot on Chain, the exploited hasnât made any further moves with these ETH holdings. Interstingly, the exploiter still holds $12-$15 million worth of other altcoins including CHR, CELR, OOKI, and FRONT.