WazirX Hacker Is Almost Done Laundering $230M Stolen Funds
India's largest cryptocurrency hack involved the laundering of over $230 million worth of tokens. A wallet linked to the hack, which drained funds from WazirX in July, now holds only $6 million in ether (ETH). The hacker transferred over $50 million to Tornado Cash in August and increased activity in September, including a recent transfer of 3,792 ETH ($10 million). Tornado Cash is used to obscure wallet addresses, facilitating the laundering of stolen funds. WazirX experienced a security breach in July, losing over $100 million in shiba inu (SHIB) and $52 million in ether, which constituted over 45% of its reported reserves. The exchange has filed for restructuring in Singapore and has struggled with fund recovery and user communication. Binance clarified its non-involvement in the breach, contrasting with earlier statements from WazirX's founder.
