WazirX hacker launders $10 million through Tornado Cash

The hacker liable for stealing implicit $235 million from the Indian crypto speech WazirX has transferred astir $10 cardinal done sanctioned Tornado Cash successful the past 24 hours, according to blockchain information steadfast Cyvers.

In a Sept. 5 connection to CryptoSlate, Cyvers reported that the hacker had begun moving assets the erstwhile day. So far, $10 cardinal successful Ethereum (ETH) has been laundered done Tornado Cash, including deposits of astir $2 cardinal successful ETH.

Cyvers besides noted that the hacker moved astir 5,000 ETH (valued astatine $12 million) to a caller wallet address, “0x2…968.”

Market analysts observed that the WazirX hacker’s laundering tactics lucifer those employed by the North Korea-backed Lazarus Group. This radical is reportedly down more than $2 cardinal successful crypto thefts and allegedly funds North Korean authorities activities.

Lazarus Group often uses Tornado Cash to obscure its transactions arsenic portion of a blase laundering process, which sometimes involves chain-hopping.

 WazirX update

These laundering activities travel arsenic WazirX announced an early withdrawal window for users to entree 66% of their Indian rupee (INR) token balances. Initially acceptable for Sept. 9, the speech moved the withdrawal day forward, allowing users to entree funds sooner.

On Sept. 3, Nischal Shetty, the co-founder of the Indian crypto trading platform, stated:

“Phase 2 of INR withdrawals is unrecorded up of schedule. We’re moving tirelessly to present adjacent faster results. Our nonsubjective is to beryllium up of docket for each the timelines we share. We volition effort our level champion to marque it happen.”

However, immoderate users expressed dissatisfaction with partial entree and questioned erstwhile crypto withdrawals would resume. WazirX’s ineligible squad has reportedly indicated that users mightiness retrieve lone 55% to 57% of their crypto holdings.

Meanwhile, the speech has since filed for restructuring successful Singapore to code its liabilities.

The station WazirX hacker launders $10 cardinal done Tornado Cash appeared archetypal connected CryptoSlate.