WazirX Hacker Moves $11M Stolen Ether to Tornado Cash

4 months ago |   readers | 2 mins reading
WazirX Hacker Moves $11M Stolen Ether to Tornado Cash

The North Korean entity behind India’s biggest crypto hack moved $11 million in stolen ether (ETH) early Monday in the latest batch of transfers to mixing service Tornado Cash.
Wallet data tracked by Arkham shows over 5,000 ETH, worth just over $11 million at current prices, from July’s attack on crypto exchange WazirX was moved to a new address at 07:19 UTC.
Then, $1.2 million in tokens from that address were sent to Tornado Cash over five different transfers.
Tornado Cash allows crypto users to exchange tokens while masking wallet addresses on various blockchains. The service, by itself, is not nefarious but is commonly used by crypto criminals to clean an online trail that could lead to the identity of those moving stolen funds.
The moves follow a $4 million transfer from last week, as first reported by CoinDesk. The hacker’s main address holds over $107 million worth of various tokens – with a majority in ether at $100 million.
In July, WazirX was hit by a security breach in one of its multisig wallets, causing over $100 million in shiba inu (SHIB) and $52 million in ether, among other assets, to be drained from the exchange.
The stolen funds accounted for over 45% of the total reserves cited by the exchange in a June 2024 report – and the exchange has since filed for a restructuring process to clear liabilities.
Edited by Parikshit Mishra.
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

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