đŁ WazirX hacker funnels $149M of SHIB, MATIC other altcoins into ETH đŁ
Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.
đ The hacker behind the $235 million exploit of cryptocurrency exchange WazirX has converted nearly $150 million of altcoins to Ether â a move likely to avoid getting funds frozen or blacklisted.
The mass conversion of funds to Ether across July 18-19 included $90.2 million worth of Shiba Inu, $10.2 million in Polygon and nearly $7.5 million in Pepe (PEPE), according to blockchain analytics firm Spot On Chain.
đž The transfers have now brought the total amount of stolen funds sitting in Ether to $201 million, up from $52 million initially.
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