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Market News

WazirX Hacker Transfers 2,600 ETH Worth $6M to Tornado Cash

Written By Jalpa Bhavsar
Fact Checked by Jahnu Jagtap
Published September 2, 2024 11:45 PM·Updated 2 years ago
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WazirX Hacker Transfers 2,600 ETH Worth $6M to Tornado Cash

In a recent development, the hacker involved in the WazirX security breach has transferred $6 million in stolen funds to Tornado Cash, a privacy-focused cryptocurrency mixer.

In the last hour, the WazirX hacker made 26 transactions in which he sent 100 ETH in each transaction to Tornado Cash. In these transactions, there has been a transfer of 2600 ETH, which is valued at 6 million at the current market price. 

WazirX Hacker Transfers 2,600 ETH Worth $6M to Tornado Cash
Source: Etherscan

The hack, which happened on July 18, caused a startling $234 million loss of customer cash, or 45%. WazirX has filed a request for relief from the Singapore High Court in reaction to the attack to find a solution for its users, who are demanding payment for their damages.

The hacker’s usage of Tornado Cash exacerbates the problem by making it more difficult to locate and recover the stolen money.

Also Read: Nischal says WazirX Don’t Know Who is Responsible for User Crypto Funds

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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