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WazirX Hacker involved in a substantial breach of the WazirX cryptocurrency exchange in July, has moved 5000 ETH, valued at over $11 million, through Tornado Cash. This action has reignited concerns over the security measures of digital asset platforms and the methods used by crypto hackers.
The hacker, widely suspected to be an entity from North Korea, moved $6 million in stolen funds for the first time last week.
The hacker who plundered more than $230 million worth of crypto assets from the Indian exchange WazirX in July continues to launder their stolen Ethereum (ETH), according to the blockchain security firm PeckShield. PeckShield notes an address associated with the hacker transferred 5,000 ETH worth approximately $12 million to a new wallet on Thursday.
The hacker responsible for stealing over $235 million from the Indian crypto exchange WazirX has transferred around $10 million through sanctioned Tornado Cash in the past 24 hours, according to blockchain security firm Cyvers. In a Sept.
WazirX recently reopened partial withdrawal of INR accounts as it sought legal assistance in Singapore to facilitate proper restructuring.
The WazirX exploiter has transferred 5,000 ETH to a new wallet and started laundering the funds through the crypto mixer Tornado Cash.
During the townhall, key figures including Jason Kardachi, Managing Director of the Restructuring Business, George Gwee, Director, and Nischal Shetty, founder of Zettai, the company that took over WazirX, discussed the circumstances surrounding the hack. They emphasized the severity of the breach and the ongoing investigation to determine how hackers bypassed the exchange's four-step signature authentication process, designed to protect cold wallets holding Ethereum and ERC-20 tokens.
The hacker responsible for India's largest crypto theft, which saw $234 million stolen from the WazirX exchange, has begun laundering the stolen funds. Notably, recent reports have linked the entity behind this hack to the infamous North Korean hacking group known as Lazarus, which has been the perpetrator of major hacks in the industry.
WazirX moves up Phase 2 Of INR withdrawals. However, trading is on pause for another six months.
Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months.
WazirX has begun the second phase of its fiat currency withdrawal process ahead of schedule on Sept. 3. The process was originally slated to begin on Sept.
The recent hack of the cryptocurrency exchange WazirX has witnessed a significant development. The hackers have transferred 2,600 ETH, worth approximately $6.
The entity responsible for the exchange's woes has popped out to spin their loot.
After the cyberattack on the WazirX, the attention is now on how the stolen cryptos will move. The cyber security team in India and Singapore are continuously eyeing the stolen WazirX funds and just recently tracked the 2500 ETH transaction from the WazirX hacker's wallet address to the Tornado Cash.
September 3, 2024 - A cryptocurrency wallet linked to the hacker behind the $235 million theft from Indian exchange WazirX has moved a significant portion of the stolen funds.
The hackers of the Indian exchange WazirX are starting to launder the stolen Ethereum through the Tornado Cash protocol.
A hacker who stole $230 million from Indian crypto exchange WazirX in July 2023 has begun moving $6.5 million worth of stolen Ether through Tornado Cash
Attacker reportedly moved nearly the ETH funds to Tornado Cash in 16 transactions, aiming to hide the trail of illicit funds.
The WazirX hacker has carried out 26 transactions, each transferring 100 ETH to Tornado Cash, according Arkham Intelligence.
WazirX exploiters have transferred 2,600 ETH worth $6.54 million to Tornado Cash.
During the recent conference call with journalists, WazirX founder Nischal Shetty stated that the customers would probably lose 43% of the money they had with the exchange.
The hacker behind the $230 million WazirX heist has swiftly begun moving stolen funds using Tornado Cash, a service that masks wallet addresses. This major development comes in after the hacked crypto exchange initiated the INR withdrawals phase 2 for users.
A wallet address associated with the WazirX hacker has transferred $6.5 million worth of stolen ETH to Tornado Cash as the exchange opens up withdrawals to users ahead of time.
A wallet address associated with the WazirX hacker has transferred $6.5 million worth of stolen ETH to Tornado Cash as the exchange opens up withdrawals to users ahead of time.
