Tracking the WazirX Hacker: $115 Million in Ethereum Laundered So Far
The post Tracking the WazirX Hacker: $115 Million in Ethereum Laundered So Far appeared on BitcoinEthereumNews.com.
TLDR: WazirX hacker moved 10,000 ETH ($23.3M) in 24 hours Half sent to Tornado Cash, half to new Ethereum address Total laundered by hacker now 49,100 ETH ($115M) WazirX breach in July led to $230M theft Exchange plans to return 55-57% of stolen assets to users The hacker behind the WazirX security breach has once again made headlines by moving a significant amount of stolen cryptocurrency. Over the past 24 hours, the attacker transferred 10,000 Ethereum (ETH), valued at approximately $23.3 million, raising concerns about the ongoing investigation and recovery efforts. According to reports from Cyvers Alerts, the hacker split the stolen funds into two transactions. On September 9, 5,000 ETH worth $11.5 million was moved to one address, followed by another 5,000 ETH valued at $11.7 million transferred to a different address on September 10. These movements are believed to be part of a larger pattern of activity by the hacker. 🚨UPDATE🚨🚨@WazirXIndia hacker just transferred 5K $ETH (~$11.7M) to a new address: https://t.co/FH7yXEf3UW.It’s likely headed to @TornadoCash, similar to yesterday’s activity! Want to keep your company off our alerts radar? Learn how to secure your assets: Book a Demo 🚀… https://t.co/RudLtRqqPz pic.twitter.com/5wt5PSQKpA — 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 10, 2024 The total amount of cryptocurrency laundered by the WazirX hacker has now reached an estimated 49,100 ETH, equivalent to about $115 million. This figure includes the 12,600 ETH ($30.13 million) moved over the past eight days. One of the primary concerns surrounding these transactions is the use of Tornado Cash, a privacy-focused service that allows users to obscure wallet addresses on various blockchains. While not legal in the United States, Tornado Cash is often utilized by cybercriminals to hide the trail of stolen assets. It’s believed that at least half of the recently moved funds were sent to…
Filed under: News - @ September 11, 2024 1:23 pm