Crypto Stolen from WazirX Exchange Moved Through Tornado Cash

The hacker responsible for stealing over $235 million from Indian crypto exchange WazirX has laundered around $10 million through Tornado Cash, a privacy tool sanctioned by authorities. Blockchain security firm Cyvers reported that the hacker moved $10 million in Ethereum (ETH) through the platform in the last 24 hours, with another 5,000 ETH (valued at $12 million) transferred to a new wallet.

Analysts noted similarities between this tactic and those used by the Lazarus Group, a North Korea-backed organization linked to over $2 billion in crypto thefts. Lazarus Group is known for using Tornado Cash and other methods like chain-hopping to obscure their transactions.

WazirX’s Partial Withdrawals Begin Early

Amid these developments, WazirX has allowed users to withdraw 66% of their Indian Rupee (INR) balances ahead of the previously scheduled date. On Sept. 3, WazirX co-founder Nischal Shetty announced that withdrawals had been accelerated.

However, many users remain frustrated, as crypto withdrawals are still on hold. The exchange’s legal team suggests users might recover only 55-57% of their crypto holdings. WazirX is currently undergoing restructuring in Singapore to address its financial issues.

But with hackers still on the move, is there any real way to keep crypto safe?

Source: https://cryptoslate.com/wazirx-hacker-launders-10-million-through-tornado-cash/ Show Less