Rupee

Bitcoin

Tornado Cash

Tornado

WazirX

A wallet address associated with the hacker that stole over $235 million from Indian crypto exchange WazirX has just moved $6.5 million worth of funds through the sanctioned crypto mixer Tornado Cash.&nbsp;
In a Sept. 3 X <a data-ct-non-breakable="null" href="https://x.com/cyversalerts/status/1830699571166523646?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A" rel="null" target="null" text="null">post</a>, blockchain security platform Cyvers shared that the hacker had transferred 2,600 Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null">ETH</a>) — worth $6.5 million at current prices — to Tornado Cash in a bid to launder the stolen funds.&nbsp;
Beginning on Sept. 2, the wallet address held a total of $6.7 million but now has just $154,000 after the hacker made 26 separate transfers of 100 ETH to Tornado Cash in just one hour, <a data-ct-non-breakable="null" href="https://debank.com/profile/0x668399a6604c41d46c81430e4dff71443d44efe6/history" rel="nofollow noopener" target="_blank" text="null">according</a> to data from crypto tracking platform DeBank.&nbsp;
<figure>
 <img alt="WazirX hacker moves $6.5M in crypto to Tornado Cash" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191b661-65ad-7e42-ae29-da836939fdd5">
 <figcaption style="text-align: center;">
 The hacker transferred .5 million to Tornado Cash. Source: DeBank
 </figcaption>
</figure>
It comes as WazirX announced that it had begun allowing users to withdraw up to 66% of their Indian rupee token balances from the exchange nearly one week before the withdrawal window was scheduled to be open.&nbsp;
“Starting today, all eligible users can now withdraw up to the full 66% limit of their INR [Indian rupee] balances,” wrote the exchange in a Sept. 3 X <a data-ct-non-breakable="null" href="https://x.com/wazirxindia/status/1830799590142140458?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A" rel="null" target="null" text="null">post</a>.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/wazirx-restores-balances-post-hack-withdrawal-issues-unresolved" rel="null" target="null" text="null">WazirX restores balances post-hack, withdrawal timeline unclear</a>
According to WazirX, the withdrawal period was initially scheduled for Sept. 9, but the exchange moved the window forward to allow users to access their funds sooner.&nbsp;
After the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/indian-crypto-exchange-wazirx-hack-235m" rel="null" target="null" text="null">$235 million exploit</a> on July 18, WazirX is partway through executing a staggered plan to restore its regular financial operations. The plan includes <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/wazirx-inr-withdrawals-resume-august" rel="null" target="null" text="null">reinstating Indian rupee withdrawals</a>, which began on Monday, Aug. 26.&nbsp;
On Aug. 23, the exchange said 34% of rupee-denominated balances were “frozen” and not immediately available for withdrawal <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/wazirx-criticizes-external-forces-delaying-recoveryg-efforts" rel="null" target="null" text="null">due to ongoing investigations</a> with various law enforcement agencies.&nbsp;
WazirX suggested there were still legal issues with crypto withdrawals. Additionally, WazirX’s restructuring efforts include <a data-ct-non-breakable="null" href="https://wazirx.com/blog/announcement-2/" rel="null" target="null" text="null">pursuing</a> legal proceedings in Singapore, where the company has selected the jurisdiction for its legal restructuring process.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoiners-all-in-trump-since-bitcoin-2024-getting-risky/" rel="null" target="null" text="null">Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky</a>

WazirX hacker moves $6.5M in crypto to Tornado Cash

Cointelegraph

Other articles published on Sep 3, 2024

Argentina’s Buenos Aires to Launch Ethereum Curriculum for High School Students

Celebrating 4 Years of BNB Chain

SEC Commissioner Advocates for Specialized Crypto S-1 Form at KBW 2024

Wazirx Hacker Completed KYC Verification Weeks Before Hack!!

SEC accuses Galois Capital of misleading investors, custody failures

Expert Says 95% of XRP Holders Will Be Left Behind. Here’s why

Join our free newsletter for daily crypto updates!