WazirX Heist: Hacker Starts Laundering $234M In Stolen Crypto—Here’s What We Know
The hacker behind India's largest crypto theft, totaling $234 million from WazirX, has begun laundering the stolen funds. Reports link the hacker to the North Korean group Lazarus, known for significant cybercrimes. The hacker transferred 2,500 ETH tokens, valued at approximately $6.3 million, to Tornado Cash, a service that obscures cryptocurrency transaction origins. This laundering occurred shortly after WazirX's founder discussed recovery efforts, which face challenges due to blockchain technology's dispersal capabilities. The July 18 attack on WazirX targeted multi-sig wallets, resulting in over $200 million lost. Blockchain analysis attributed the breach to North Korean hackers, raising concerns and trust issues within India's crypto community, especially among retail users unable to access their funds.
