The WazirX hack has been a hot topic in the community, being the largest cryptocurrency hack of 2024. Recently, amidst the platform's recovery efforts, the hacker has drawn renewed attention by moving significant funds.
Recent Movements by the Hacker
According to PeckShield Alert, the WazirX hacker transferred $6.5 million worth of funds to Tornado Cash, equivalent to 2600.1 ETH, 13 hours ago. This marks the first movement since the $230 million exploit. The hacker's address, identified as '0x668', made the transfers in batches of 100 ETH, and currently holds $154.07K in ETH tokens, according to Arkham Intelligence reports.
User Reactions and Platform Recovery
The platform's users have expressed dissatisfaction with the firm’s crisis management, highlighting the inadequacy of WazirX's fund recovery attempts. Meanwhile, WazirX users have received two updates regarding fund retrieval in the past 24 hours. The company had previously shared its recovery strategies and plans on its X account.
Future Plans of WazirX
In the last 24 hours, WazirX has announced that it is seeking funding support from its parent company, Zettai. Zettai is currently in discussions with 11 crypto exchanges to secure emergency funds. Additionally, WazirX announced the early initiation of INR withdrawals Phase 2, allowing eligible users to withdraw 66% of their funds in Indian Rupees. WazirX CEO Nischal Shetty stated that the recovery process might take a minimum of 6 months and asked for patience from the community.
The WazirX hack continues to concern the crypto community, and the platform is making efforts to recover. Stay tuned for updates and user reactions to upcoming developments.
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