The WazirX hacker recently moved 5,000 ETH, worth approximately $11.7 million. The hacker’s wallet currently holds around $95 million in crypto.
Recent Events with WazirX Hacker
The WazirX hack has been a prolonged discussion among the community for the past two months. The hack became a notable event in the world of cryptocurrency in 2024.
Fund Movements
The attacker recently moved 10,000 ETH, valued at approximately $23.3 million. Out of these funds, 5,000 ETH went to Tornado Cash, and the remaining 5,000 ETH were transferred to a new wallet for further laundering. After the July hack, the hacker converted most of the stolen assets into Ethereum (ETH). The analytics firm disclosed that the WazirX hacker transacted 2,600 ETH, worth $6.5 million, to Tornado Cash.
Hack Overview and Recovery Measures
The security breach at WazirX on July 18 resulted in a loss of assets worth around $230 million. This led to a temporary halt in trading and withdrawals on the platform, and investigations are still underway to recover the assets. As part of the recovery plan, WazirX has announced two bounty programs: 'track and freeze' and 'white hat recovery'. On August 13, WazirX announced the restoration plan of trade balances from July 18 to 21. The exchange is also collaborating with legal experts to facilitate user withdrawals.
WazirX continues to take measures to recover lost funds and protect its users. The restructuring process is expected to take around six months, during which users will gradually regain access to their assets.
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