The hackers behind the July WazirX breach, believed to be tied to North Korea, have moved another $11 million worth of stolen Ethereum (ETH) into Tornado Cash, a cryptocurrency mixer that obscures transaction trails.
In the latest move, over 5,000 ETH was transferred to a new wallet, with $1.2 million laundered through Tornado Cash across multiple transactions. Tornado Cash is commonly used to launder stolen assets, making it harder to trace funds on the blockchain.
WAZIRX HACKER MOVES $11M ETH TO TORNADO CASH
North Korean hackers behind July's WazirX breach have just shifted $11 million in stolen ether to Tornado Cash.
Earlier today, over 5,000 ETH was sent to a new wallet, with $1.2 million laundered through Tornado Cash in multiple⊠pic.twitter.com/xY79sxQ7Sv
â IBC Group Official (@ibcgroupio) September 9, 2024
The hackerâs wallet still holds more than $107 million in various cryptocurrencies, with Ethereum making up the majority. The WazirX hack saw over $100 million in Shiba Inu and $52 million in Ethereum drained, pushing the exchange into a restructuring process to recover from the attack.
Four Hacker Entities Moves 20,561 ETH
Since early September, a total of 20,561 ETH (worth around $49.3 million) has been sent to Tornado Cash by four hacker entities. Among these groups, the Penpie exploiters have been especially active, laundering 11,261 ETH ($26.7 million) within just four days after their hack.
Four hackers have sent 20,561 $ETH ($49.3M) to #TornadoCash since the start of September!
Notably, among these hacker entities:⹠#Penpie exploiter quickly laundered all 11,261 $ETH ($26.7M) within only 4 days of the hack.⹠#WazirX exploiter still holds 54,155 $ETH ($123M),⊠pic.twitter.com/LNWNR4Hsvy
â Spot On Chain (@spotonchain) September 8, 2024
In the last 24 hours alone, the attackers transferred 10,000 ETH ($23.3 million). This included moving 5,000 ETH to Tornado Cash and sending another 5,000 ETH to a new address for further laundering.
Key Stats: â Total laundered: 12,600 ETH ($30.13 million) over the past 8 days. â Current holdings: 49,100 ETH ($115 million).
đš The WazirX attacker wonât stop laundering stolen $ETH!
In the past 24 hours, the attacker moved 10K $ETH ($23.3M), including:âą sent another 5K $ETH to #TornadoCashâą moved another 5K $ETH to a new address for further laundering.
đž Total laundered: 12.6K $ETH ($30.13M) in⊠https://t.co/hqIoMLq8s9 pic.twitter.com/HONUuhnqCB
â Spot On Chain (@spotonchain) September 10, 2024
As a result of these large transfers, the price of Ethereum has dropped over 13%, falling to a low of $2,169 during this period.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: serezniy/123RF// Image Effects by Colorcinch
The post WazirX Hackers Funnel $11M In Stolen ETH Through Tornado Cash appeared first on The Merkle News.
