- Hacker Uses Tornado Cash to Launder Stolen Funds
- Hacker Still Controls Over $45 Million in Ether
- Binance Denies Responsibility on WazirX Compensation Plans
The unknown hacker behind the unauthorized transfer of over $230 million from WazirX's multisig wallet continues moving assets. Recently, they transferred $12 million (5,000 ETH) to a new address and laundered it through Tornado Cash.
Hacker Uses Tornado Cash to Launder Stolen Funds
Arkham, the on-chain analytic platform, reported that the hacker commenced transfers on September 2, sending 2,500 ETH valued at about $6.3 million through 25 tranches of 100 ETH each. The purpose of using the crypto mixer is to cover the hacker's tracks, making it challenging for law enforcement to follow the asset trail.
Hacker Still Controls Over $45 Million in Ether
According to Arkham, the hacker still holds 18,800 ETH worth about $45.8 million awaiting transfer. This will likely require several more batches to launder these assets. In addition to this amount, the hacker also holds approximately $5.7 million in other cryptocurrencies.
Binance Denies Responsibility on WazirX Compensation Plans
WazirX's remedial plan to socialize losses in a 55/45 split has faced community resistance. WazirX suggested that Binance may bear the responsibility for compensating affected users, claiming Binance owns and controls WazirX. However, Binance has strongly denied these claims, criticizing WazirX's attempt to shift the blame.
The hacker continues active efforts to launder stolen funds, while Binance and WazirX continue to dispute responsibility for user compensation. Stay tuned for further updates.
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