📣 WazirX hacker funnels $149M of SHIB, MATIC other altcoins into ETH 📣

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.

😈 The hacker behind the $235 million exploit of cryptocurrency exchange WazirX has converted nearly $150 million of altcoins to Ether — 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.

💸 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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