WazirX hacker transfers loot into Tornado Cash
Digital assets worth $6.5 million were recently transferred through the authorized cryptocurrency mixer Tornado Cash from a wallet address linked to the hacker who stole over $235 million from the Indian cryptocurrency exchange WazirX.
Blockchain security platform Cyvers revealed in a post on September 3rd, X, that the hacker moved 2,600 Ether — approximately $6.5 million — to Tornado Cash, to conceal the stolen money.
According to data from cryptocurrency tracking platform DeBank, starting on September 2, the wallet address contained $6.7 million and now has $154,000 after the hacker made 26 individual transfers of 100 ETH to Tornado Cash in just one hour.
It occurred just one week before the withdrawal window was supposed to open, WazirX stated that it had started enabling users to withdraw up to 66% of their Indian rupee token balances from the exchange.
The troubled crypto exchange stated in a Sept. 3 X post that “as of today, all eligible users can now withdraw up to the full 66% limit of their INR [Indian rupee] balances.”
Following the July 18 $235 million exploit, WazirX is halfway through implementing a phased plan to resume regular financial operations.
Restoring withdrawals in Indian rupees, which started on Monday, August 26, is part of the plan.
On August 23, the exchange announced that because of ongoing investigations with different law enforcement agencies, 34% of balances denominated in rupees were “frozen” and not immediately available for withdrawal.
WazirX claimed that withdrawals of cryptocurrency were still subject to legal concerns. WazirX has chosen Singapore as the jurisdiction for its legal restructuring procedure, therefore one of its restructuring activities also involves pursuing legal action there.
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