The perpetrator behind the breach of the Indian cryptocurrency exchange WazirX has transferred 2600 ETH ($6.5 million) to the mixer Tornado Cash to launder the funds. This was noted by analysts at PeckShield.
#PeckShieldAlert #WazirX Exploiter -labeled address has transferred 2600.1 $ETH (worth ~$6.5M) to #Tornadocash within the last 9 hours
On July 18, India’s #CEX WazirX suffered a major security breach, resulting in the theft of over $230 million in cryptos. pic.twitter.com/0QeKkleUyb— PeckShieldAlert (@PeckShieldAlert) September 3, 2024
WazirX reported a major cyberattack on July 18. The damage exceeded $230 million, causing the platform to be unable to maintain balanced backing for its assets and halt withdrawals. Experts at Elliptic concluded that North Korean hackers were behind the breach.
The WazirX team is working on reimbursing funds and intends to reverse all transactions made after the breach. The exchange’s clients criticized the “social loss strategy,” which involves partially freezing all users’ funds for compensation purposes.