The WazirX hacker recently moved 5,000 ETH, worth around $11.7 million.
The hacker’s wallet currently holds $95 million in crypto.
The Indian crypto exchange, WazirX’s exploit, has been a prolonged discussion among the community for the past two months. The WazirX hack became the notable crypto hack in 2024. Meanwhile, the hacker transferred 5,000 ETH, worth approximately $11.7 million, to the mixing tool.
Reportedly, the attacker has recently moved 10,000 ETH, valued at approximately $23.3 million, as per on-chain data. A total of 5,000 ETH went to Tornado Cash, and the remaining 5,000 ETH was transferred to a new wallet for the second stage of money laundering.
After the July hack, the hacker has converted most of the stolen assets into Ethereum (ETH). The popular on-chain analytics firm disclosed that the WazirX hacker transacted 2,600 ETH, worth $6.5 million, to Tornado Cash, notably the second time after the exploit that the funds have been transferred to the Tornado Cash mixer.
The hacker has successfully laundered an additional 12,600 ETH worth $30.13 million, bringing the total to 49,100 ETH valued at approximately $115 million within the past ten days.
A Recap of WazirX Hack
WazirX’s security breach on July 18 resulted in a loss of assets worth around $230 million. They had temporarily stopped trading and withdrawals on the platform, and investigations are still underway to recover the assets.
As part of the recovery plan, WazirX has announced two bounty programs, the “track and freeze” and the “white hat recovery.” On August 13, WazirX announced the restoration plan of trade balances from July 18 to 21. Also mentioned the exchange is collaborating with legal experts to facilitate user withdrawals.
On the other hand, the exchange has cancelled all open orders on its platform to address the issues related to Indian Rupee (INR) and cryptocurrency balances. Later, the exchange decided to restore the ability to withdraw INR. Notably, WazirX sought support from its parent company, Zettai. They have announced that it will take around six months to complete this restructuring, during which users will gradually regain access to their funds.
Highlighted Crypto News
Ethereum Attempts to Disentangle from Consolidation Phase at $2.3K
