WazirX Hacker Moves 2600 Ethereum Worth $6.5M to Tornado Cash

 
Florence Muchai
Written By 
Florence Muchai
 
Harsh Chauhan
Edited by 
Harsh Chauhan
September 3, 2024

A wallet address linked to the hacker that stole over $234 million from Indian crypto exchange WazirX has moved $6.5 million worth of Ethereum from the stolen crypto stash today. According to data shared by PeckShieldAlert, the hacker has moved 2600.1 Eth to Tornado Cash in several transactions. 

WazirX hacker starts moving the stolen crypto stash 

According to on-chain data, the wallet address had a total of $6.7 million when it was first created on September 2. However, now it only has $154,000 after the hacker made 26 consecutive transactions of 100 ETH to Tornado Cash in just one hour. 

The transaction happened as the exchange announced that it had started allowing s to withdraw up to 66% of their Indian rupee token balances from the exchange.

WazirX hacker moves $6.5 million worth of stolen crypto

The Indian crypto exchange wrote in a Sept. 3 X post, “Starting today, all eligible s can now withdraw up to the full 66% limit of their INR [Indian rupee] balances.” 

ETH is worth $2,499 today, a 1.2% spike in the last 24 hours.  The total volume of Ether exchanged over the last 24 hours caps at $9,603,948,863.

The hacker’s use of Tornado Cash to move the stolen crypto will undoubtedly interfere with recovery attempts. The Tornado system structure successfully hides the identities of those who transfer stolen assets across blockchains.

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Florence Muchai
Written by Florence Muchai

Florence Muchai is a crypto journalist at CryptoNewsZ with four years of experience covering Crypto, Blockchain, Web3, NFT, and AI. She has written for MSN and CryptoPolitan, bringing a wealth of knowledge to the industry. Florence holds a Bachelor's Degree in Disaster Management and International Diplomacy and a Master's Degree in Clinical Psychology. She is a digital nomad and explores the intersections of decentralized and traditional finance, offering insightful analysis on wealth creation, financial literacy, and the evolving digital economy. She is ionate about empowering readers with knowledge and delves into emerging trends, regulatory developments, and the impact of blockchain on global finance.