A hacker who stole $234 million from a stock market has started to launder the stolen funds. The hacker, responsible for hacking WazirX, one of India's largest cryptocurrency exchanges, in July, has begun moving the stolen cryptocurrencies. Recently, the hacker sent 2,600 ETH (Ethereum) to Tornado Cash, a well-known platform for hiding cryptocurrency transactions.
According to Arkham, a blockchain tracking and research firm, the stolen assets, including popular cryptocurrencies like PEPE, Shiba Inu, and MATIC, were converted into Ether shortly after the attack. Since the hack, withdrawals on WazirX have been suspended.
Tornado Cash, although it provides transaction privacy, is notorious for being used by crypto hackers and has been banned by the U.S., with one of its developers currently imprisoned in the Netherlands. The hacker or hackers are believed to be linked to the Lazarus Group, a North Korean hacking organization. Lazarus gained international notoriety in 2022 for stealing $600 million in cryptocurrency from the Ronin sidechain, with the U.S. government accusing them of using the stolen funds to support North Korea's nuclear program.
