Recently, the hacker responsible for stealing Ethereum from WazirX has significantly intensified their laundering activities. Over the past 24 hours, the attacker has moved a total of 10,000 $ETH, equivalent to approximately $23.3 million.
Hacker Intensifies Laundering
This large transaction included transferring 5,000 $ETH to Tornado Cash, an application for mixing cryptocurrencies intended to hide transaction information. The remaining 5,000 $ETH was relocated to a new wallet for the second stage of money laundering.
Hacker Holds $115M in Ethereum
So far, the attacker has been able to cash out 12,600 $ETH, which is equivalent to approximately $30.13 million within eight days. The current balance of the attacker is now 49,100 $ETH, which is equal to roughly $115 million. This increased level of laundering is evidence of the further steps taken by the hacker to avoid identification and the recovery of the proceeds.
Tracking Stolen Crypto
Tornado Cash is often used to hide the sources and destinations of cryptocurrency transactions, making it ideal for anyone who wants to hide their transactions. Therefore, the use of such platforms poses a number of challenges to investigators and security specialists dealing with the tracking and identification of stolen property. Currently, officials are actively observing the development of events, but the advanced techniques used by the attacker in money laundering are still making it difficult to restore the stolen cryptocurrency.
The increasing complexity of laundering activities and the use of advanced techniques by the hacker present serious challenges for investigators. The laundering of a large volume of funds through Tornado Cash complicates the recovery of the stolen Ethereum.
Comments