Hackers Stole $234 Million From Stock Market, Started Money Laundering

Hackers who attacked WazirX, one of India’s largest cryptocurrency exchanges, in July and stole $234 million worth of cryptocurrency, sent 2600 ETH to Tornado Cash. The hacker or hackers are believed to be part of the Lazarus group, which is linked to North Korea.

The individual or individuals behind the WazirX attack have started taking steps to launder money and cryptocurrency. According to information provided by blockchain research and tracking firm Arkham, the hacker or hackers sent 2600 ETH to Tornado Cash.

As noted, in the July attack, many assets, including popular cryptocurrencies such as PEPE, Shiba Inu, MATIC, were stolen from the WazirX exchange, and most of these cryptocurrencies were later converted to Ether.

As of July 21, withdrawals have been closed on the WazirX exchange. Tornado Cash, one of the apps banned by the United States and one of its developers serving time in prison in the Netherlands, is known to be one of the most used apps by cryptocurrency hackers, despite offering privacy for transactions. These hackers are believed to be part of the North Korean-linked Lazarus group. Lazarus made its name known to the world in 2022 with the $600 million worth of cryptocurrency it stole from the Ronin subchain. The United States claims that Lazarus helped fund North Korea’s nuclear research.