WazirX Hacker Transfers $23M to Tornado Cash

After the July compromise, which resulted in the theft of $234 million from the exchange, the WazirX hacker transferred approximately $23 million in cryptocurrencies to Tornado Cash.

The intruder transferred 5,000 ETH, which is approximately $11.7 million in value, to a new address, according to Cyvers Alerts on Thursday. Tornado Cash received $4.7 million from this.

Spot On Chain disclosed earlier this week that the hacker transmitted 5,000 ETH, equivalent to $11.7m, to the mixing tool. Cyvers had previously reported that the intruder had already transferred 2,600 ETH valued at $6.5 million to the same platform.

WazirX Hacker Converted Most Stolen Assets to ETH

Lookonchain reported that the hacker had converted most of the stolen assets into ether (ETH) following the July breach. As of Thursday, the hacker’s wallet contained $95.3 million in cryptocurrency, with $92.3 million in ETH.

The precise method of the breach is still being investigated; however, preliminary analysis from blockchain firm Elliptic indicates that hackers affiliated with North Korea may have been involved.

Hacker Uses Tornado Cash to Obscure Stolen Crypto Trail

The deliberate endeavor to disrupt the connection between the sender and beneficiary in cryptocurrency transactions is demonstrated by transferring funds to Tornado Cash.

The criminal can conceal the stolen asset trail by utilizing Tornado Cash, which significantly complicates tracing its origin or destination. This anonymity is instrumental in preventing legal repercussions and detection.

Despite its contentious status, Tornado Cash continues to operate in numerous regions, particularly in the aftermath of US Treasury sanctions.

It is important to note that the individual responsible for the Poloniex exchange robbery, which resulted in the theft of over $100 million, transferred $76 million to Tornado Cash earlier this year.