A wallet connected to the hacker who stole over $235 million from the Indian crypto exchange WazirX recently moved $6.5 million through the sanctioned crypto mixer Tornado Cash.
On September 3, blockchain security firm Cyvers revealed on the X platform that the hacker transferred 2,600 ETH, worth $6.5 million at the time, to Tornado Cash in an effort to launder the stolen funds.
As of September 2, the wallet had around $6.7 million. However, after the hacker made 26 transactions of 100 ETH each to Tornado Cash within an hour, the wallet’s balance dropped to just $154,000, according to crypto-tracking platform DeBank.
In the meantime, WazirX announced that users can begin withdrawing part of their balances in Indian Rupee (INR) tokens nearly a week earlier than the planned withdrawal period.
WazirX originally scheduled the withdrawal period for September 9 but moved it up to allow users earlier access to their funds.
Security experts have reported a significant phishing attack that led to the loss of 15,079 Few Wrapped Duo ETH (fwDETH), valued at around $35 million.
Heather Morgan, also known as the rapper “Razzlekhan,” is facing an 18-month jail term as U.S. prosecutors pursue charges related to her involvement in laundering 120,000 BTC.
On October 10, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Cumberland DRW, accusing the firm of operating as an unregistered dealer.
South Korean lawmakers have launched an investigation into Upbit, the nation’s largest cryptocurrency exchange, amid concerns about its monopolistic influence in the virtual asset market.