Shiba

Arkham

Shiba Inu

Tornado

WazirX

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As the WazirX hackers near the end of their laundering process, a major chapter in the July 2024 cryptocurrency heist is nearly complete, with the final transfer of 3,792 ETH, worth approximately $9.93 million,&nbsp;<a href="https://x.com/spotonchain/status/1838851740860584306" rel="noopener noreferrer nofollow">sent</a> to a new wallet named "0xa6e," which is now routing the funds through notorious crypto mixer Tornado Cash.&nbsp;
The attack, which saw $230 million worth of assets stolen from India's leading exchange, resulted in most of the stolen funds being converted into 61,700&nbsp;<a href="https://u.today/dogecoin-founder-says-he-will-never-make-any-meme-crypto-again" rel="noopener noreferrer nofollow">ETH</a>, and since Sept. 3, the hacker has been moving the assets between new wallets, a process that is now nearly complete after 22 days of mixed transfers.
One of the most significant consequences of the WazirX hack came in the form of a $102 million liquidation of 5.4 trillion&nbsp;<a href="https://u.today/shiba-inu-shib-on-verge-of-potential-uptober-price-boom-details" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a>, which triggered a large intraday drop in the value of the popular meme-inspired cryptocurrency.
For better or worse, all&nbsp;<a href="https://u.today/shiba-inu-shib-on-verge-of-becoming-profitable-again" rel="noopener noreferrer nofollow">SHIB</a> tokens were immediately sold by the hacker that day. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="7b09d2c8-ebfd-42e1-805e-19af67a8fe28" src="https://u.today/sites/default/files/inline-images/shibethwazirx.png">Source: <a href="https://platform.arkhamintelligence.com/explorer/address/0xa6e894326214535916Bf0B7D879ccCC734b6120e" rel="noopener noreferrer nofollow">Arkham Intelligence</a>
Despite the size of the breach, Indian users have expressed frustration with WazirX's lack of transparency, with the exchange failing to provide wallet addresses or transparency reports in the two months since the attack, adding to the uncertainty surrounding the event.&nbsp;
While Binance was initially rumored to be connected to WazirX, the black-and-yellow crypto giant has since confirmed that it had no connection to the Indian exchange in terms of ownership.

SHIB Thief Nears Endgame: $230 Million Stolen Funds Almost Gone

U_Today

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