Rupee

Million

Tornado Cash

Tornado

WazirX

A wallet address belonging to the hacker that stole more than <a href="https://insidebitcoins.com/news/indian-exchange-wazirx-hacked-for-230-million-mainly-in-shib-as-elliptic-blames-north-korea" rel="noopener noreferrer nofollow">$235 million</a> from the Indian crypto exchange WazirX recently moved $6.5 million in crypto to the mixer Tornado Cash.
Blockchain security platform Cyvers Alerts noted the transaction in a Sept. 3 <a href="https://x.com/cyversalerts/status/1830699571166523646?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A" rel="noopener noreferrer nofollow">post</a> on X. According to the tweet, the hacker sent 2,600 ETH to the platform to try to launder the funds.
<img decoding="async" src="https://i.cdn.newsbytesapp.com/images/l9220240718143507.jpeg" alt="WazirX, India's largest crypto exchange, suffers $235 million hack">
<h2 id="span-style-font-weight-400-hacker-executed-multiple-eth-transfers-in-quick-succession-span">Hacker Executed Multiple ETH Transfers In Quick Succession</h2>
A day before the $6.5 million transfer to Tornado Cash, the wallet held $6.7 worth of crypto. After executing 26 separate ETH transfers, the wallet still holds $154,000.&nbsp;
All of the transactions were executed within an hour and saw 100 ETH sent to the crypto mixing platform with each transfer, according to <a href="https://debank.com/profile/0x668399a6604c41d46c81430e4dff71443d44efe6/history" rel="noopener noreferrer nofollow">data</a> from DeBank.
These transfers also come as the exchange platform opened up Indian Rupee (INR) withdrawals for their customers. WazirX users that were impacted by the hack are now able to withdraw 66% of their INR balance.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 📢 INR Withdrawals Phase 2 Starts Early!
 Starting today, all eligible users can now withdraw up to the full 66% limit of their INR balances.
 Originally scheduled for 9th September, we’ve moved this up to provide quicker access. Thank you for your continued patience and support… <a href="https://t.co/6I3BA220b2" rel="noopener noreferrer nofollow">pic.twitter.com/6I3BA220b2</a>
 — WazirX: India Ka Bitcoin Exchange (@WazirXIndia) <a href="https://twitter.com/WazirXIndia/status/1830799590142140458?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 3, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Users are only able to withdraw up to 66% of their INR balances because the remaining funds have been “frozen” due to multiple ongoing investigations with various law enforcement agencies, WazirX said on Aug. 23.
<h2 id="span-style-font-weight-400-wazirx-enables-inr-withdrawals-a-week-early-span">WazirX Enables INR Withdrawals A Week Early</h2>
Initially, the exchange’s withdrawal window was only meant to open on Sept. 9. However, the platform decided to enable INR withdrawals a week early to allow the platform’s users to access their funds.
<a href="https://insidebitcoins.com/news/wazirx-faces-community-uproar-over-socialized-loss-strategy-after-230m-hack" rel="noopener noreferrer nofollow">WazirX</a> is in the process of rolling out its staggered plan to restore regular financial operations on its platform. Part of this plan is the re-activation of INR withdrawals for clients, which started on Aug. 26.
The exchange suggested that there are still some legal issues that have restricted crypto withdrawals. WazirX is also carrying on with legal proceedings in Singapore as part of its restructuring.
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WazirX Hacker Transfers $6.5 Million In ETH To Crypto Mixing Platform Tornado Cash

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