WazirX crypto hacker moves $11.6m in Ethereum to Tornado cash
The hacker responsible for the $230 million hack of Wazir X, India's largest cryptocurrency exchange, has transferred an additional $11.6 million in Ethereum to the notorious crypto mixer Tornado Cash.This latest transaction follows a pattern of using Tornado Cash to launder stolen funds, making it more difficult for authorities to track the assets.
CYVERS, a blockchain security firm, disclosed the hacker's current transaction and shared details about it in a post on its X account Wednesday.
"UPDATE @WazirXIndia hacker just transferred 5K $ETH (~$11.6M) to a new address: https://etherscan.io/address/0x5990c7e24816bd103982b02e82ebf3adb49b6a6a… and already deposited $1.4M to @TornadoCash," the post continued.
After receiving 5,000 ETH, the hacker behind the $230 million Wazir X exploit began transferring the funds in small amounts to the cryptocurrency mixer Tornado Cash.
Each batch contained 100 ETH, valued at approximately $232,000, and a total of 36 batches—amounting to more than 3,600 ETH—were moved to the mixer.
The Wazir X hack on July 18 resulted in the loss of $230 million in customer funds, making it one of the largest exploits of the year.
The stolen assets came from the platform's multi-signature wallet, which Wazir X co-owns with its security partner, Liminal Custody.
Wazir X's team initially blamed the hack on a vulnerability in Liminal Custody.
However, an independent audit conducted by Grant Thornton discovered that the exploit occurred outside of Liminal Custody's control, directing attention back to the exchange's own security practices.
The Wazir X team is incentivizing white hat hackers by offering a 10% reward for any information that leads to the recovery of the $230 million stolen in the recent hack.
This initiative seeks to use the expertise of ethical hackers to locate and recover stolen funds.
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