WazirX Hacker Moves $12M ETH As Price Soars Post FOMC
The post WazirX Hacker Moves $12M ETH As Price Soars Post FOMC appeared on BitcoinEthereumNews.com.
The WazirX hacker, responsible for a $230 million exploit, recently moved another 5,000 Ethereum (ETH) tokens. The latest transfer follows a similar pattern of 5,000 ETH stash shifted repeatedly this week. Moreover, the Indian crypto exchange’s exploiter has started laundering via Tornado Cash Latest Transactions of WazirX Exploiter The latest transfer, worth approximately $12 million of Ethereum, was made to a new address (0x46b9…) on September 19, Thursday. This marks the latest in a string of movements following an earlier transfer of 5,000 ETH to another address, 0x5990…, valued at $11.6 million. 🚨UPDATE🚨@WazirXIndia hacker just transferred another 5K $ETH (~$12M) to a new address: https://t.co/BDjfNt0Keb and already started depositing to @TornadoCashWant to keep your company off our alerts radar? Learn how to secure your assets: Book a Demo 🚀… https://t.co/5G3lerRnbX pic.twitter.com/Z9Su2tkWsR — 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 19, 2024 According to Cyvers Alert, a blockchain security service, the new movement signals a key phase in the hacker’s laundering process, with $241,213 already deposited into Tornado Cash, a privacy tool that conceals transaction trails on the Ethereum blockchain. Earlier this week, the WazirX hacker transferred another 5,000 ETH, worth $11.4 million at the time, to a different wallet. The entire Ethereum reserve was then laundered through the infamous crypto mixer, leaving just 0.45 ETH remaining in the original address. The frequent use of Tornado Cash by the hacker is a part of an attempt to hide their activities. This is because the crypto mixer is known for enabling users to hide the origin of their crypto assets by mixing funds with others in a pool. This latest $12 million shift coincided with Ethereum price surge above $2,400 following a key interest rate cut by the U.S. Federal Reserve. On Wednesday, September 18, the Federal Reserve announced a 50-basis-point reduction in…
Filed under: News - @ September 19, 2024 11:25 am