In the wake of the $230 million hack at Indian crypto exchange WazirX, the attackers have moved another $12 million worth of Ethereum.
Recently, 5,000 ETH was transferred to an intermediary before being funneled through Tornado Cash in smaller amounts.
Starting September 2, the hacker began shifting the stolen Ethereum in chunks to avoid detection, with recent activity showing a total of over 42,500 ETH laundered through Tornado Cash.
The attacker still holds a significant amount of Ethereum and other cryptocurrencies.
The breach, which hit WazirX’s multisig wallet on July 18, has seen Ethereum’s value drop by nearly 30%.
WazirX, struggling with the aftermath, has paused withdrawals and trading while seeking a court-sanctioned restructuring. Binance has denied ownership of WazirX, accusing its director of false claims about their relationship.
In the next five years, government prosecutors and tax agencies are expected to utilize artificial intelligence to analyze blockchain data for crime detection, according to Chainalysis CEO Michael Gronager.
Germany has shut down 47 cryptocurrency exchanges, accusing them of enabling cybercriminals to launder money by ignoring anti-money laundering regulations.
In Komsomolsk-on-Amur, a city in Russia’s Far East, an unnamed individual has been detained on charges of high treason for allegedly sending cryptocurrency to Ukraine’s military.
In a dramatic crypto heist, three hackers executed a scheme that defrauded a single victim of $243 million on August 19, 2024.