WazirX Hacker Continues To Launder Stolen Ethereum (ETH) Through Crypto Mixer Tornado Cash: PeckShield
The hacker who plundered more than $230 million worth of crypto assets from the Indian exchange WazirX in July continues to launder their stolen Ethereum (ETH), according to the blockchain security firm PeckShield.
PeckShield notes an address associated with the hacker transferred 5,000 ETH worth approximately $12 million to a new wallet on Thursday.
That new wallet promptly laundered around 1,600 ETH worth $3.86 million to the Ethereum-based coin mixing service Tornado Cash, a controversial platform that helps users conceal their digital assets.
Source: PeckShield/X
The hacker has been on the move recently: Earlier this week, a different address associated with the WazirX exploit funneled 2600.1 ETH worth approximately $6.5 million to Tornado Cash.
In July, the hacker looted the Indian exchange for $52.5 million worth of Ethereum, $102 million worth of Shiba Inu (SHIB), $11.24 million worth of Polygon (MATIC), $7.6 million worth of Pepe (PEPE), $3.5 million worth of Gala (GALA) and $5.79 million in Tether (USDT), according to the crypto tracker Lookonchain.
Last month, WazirX announced it was going to roll back all trades and restore all associated account balances to what they were before the withdrawal stoppage on July 18th.
Crypto sleuth ZachXBT says the hack appears to be traceable to North Korea’s notorious digital asset hacking organization The Lazarus Group.
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