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