According to The Block, the entity responsible for the WazirX hack transferred 2,600 ETH worth $6.5 million to sanctioned mixer Tornado Cash in order to launder the funds.

The hacking entity responsible for the WazirX breach appears to have transferred 2,600 ETH (worth $6.5 million) to U.S.-sanctioned cryptocurrency mixer Tornado Cash to launder the stolen funds, security firm PeckShield noted.

Sending funds to mixers is a common tactic used by cybercriminals to make it harder for law enforcement to track and recover stolen cryptocurrency.

On July 18, 2024, cryptocurrency exchange WazirX reported a major cyberattack on its multi-signature wallet, resulting in losses of more than $230 million.

The exchange said the incident affected WazirX’s ability to maintain its asset collateral balance.

Withdrawals have been frozen and trading has been suspended since July 21 as the team focuses on a partial recovery, with losses expected to be shared by users. According to reports, the reorganization effort may result in users not receiving the full value of the cryptocurrencies they held on the platform during the attack.

The attack is attributed to the North Korean hacking group Lazarus Group, which is notorious for carrying out high-profile attacks, including the $600 million hack of the Ronin sidechain in 2022.