The hacker who stole more than $235 million from the Indian crypto exchange WazirX recently moved $6.5 million in crypto to the mixer Tornado Cash.
Rapid ETH Transfers
On Sept. 3, blockchain security platform Cyvers Alerts noted the transaction in a post on X. According to the tweet, the hacker sent 2,600 ETH to the platform to try to launder the funds. A day before the $6.5 million transfer to Tornado Cash, the wallet held $6.7 million worth of crypto. After executing 26 separate ETH transfers, the wallet still holds $154,000. All of the transactions were executed within an hour, according to data from DeBank. These transfers come as the exchange platform opened up Indian Rupee (INR) withdrawals for their customers. WazirX users affected by the hack are now able to withdraw 66% of their INR balance.
WazirX Enables Early INR Withdrawals
Initially, the exchange's withdrawal window was scheduled to open on Sept. 9. However, the platform decided to enable INR withdrawals a week early to allow users to access their funds. WazirX is in the process of rolling out its staggered plan to restore regular financial operations on its platform. Part of this plan is the re-activation of INR withdrawals for clients, which started on Aug. 26. The exchange also mentioned that some funds remain frozen due to ongoing investigations with various law enforcement agencies.
Conclusion
Restoring operations and enabling fund withdrawals are key steps for WazirX in overcoming the crisis after the hack. The platform continues legal proceedings in Singapore as part of its restructuring.
Restoring operations and enabling fund withdrawals are key steps for WazirX in overcoming the crisis after the hack. The platform continues legal proceedings in Singapore as part of its restructuring.
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