WazirX Hack Sees $12 Million in Stolen Ethereum Laundered

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.

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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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.