WazirX Hacker Moves 10K ETH, Laundering Continues Unchecked
The post WazirX Hacker Moves 10K ETH, Laundering Continues Unchecked appeared on BitcoinEthereumNews.com.
The WazirX hacker moved 10,000 ETH in 24 hours, laundering stolen funds using Tornado Cash and new wallets. Despite laundering over $30 million in ETH, the hacker still holds $115 million in stolen cryptocurrency. According to IntoTheBlock, the WazirX hacker has increased their laundering activities, transferring a significant sum of stolen Ethereum (ETH) over the last 24 hours. Specifically, 10,000 ETH worth $23.3 million has been transferred, with half going to Tornado Cash, a popular crypto mixer designed to conceal transaction tracks. The other half was transferred to a different wallet address, complicating efforts to hunt down and reclaim the stolen funds. This follows on the heels of prior actions by the hacker, who has been actively laundering large quantities of Ethereum since the attack. 🚨 The WazirX attacker won’t stop laundering stolen $ETH! In the past 24 hours, the attacker moved 10K $ETH ($23.3M), including:• sent another 5K $ETH to #TornadoCash• moved another 5K $ETH to a new address for further laundering. 💸 Total laundered: 12.6K $ETH ($30.13M) in… https://t.co/hqIoMLq8s9 pic.twitter.com/HONUuhnqCB — Spot On Chain (@spotonchain) September 10, 2024 WazirX Hack Complicates Recovery Efforts as Hacker Launders Millions Through Tornado Cash Over the last eight days, the hacker has laundered more than 12,600 ETH, or about $30 million. Despite these transactions, the hacker still has an estimated 49,100 ETH, which is worth around $115 million. These continued laundering efforts have made it more difficult for investigators to track down the stolen crypto, with Tornado Cash playing a key part in obscuring the transactions. This mixing service has been extensively condemned for its involvement in encouraging illegal acts, making it difficult for authorities to identify the hacker and reclaim the stolen funds. The WazirX attack, which occurred in July 2024, was one of the most significant cryptocurrency hacks in recent memory.…
Filed under: News - @ September 11, 2024 8:26 am