WazirX hacker transfers 1600 ETH to Tornado Cash

The WazirX exploiter transferred 5,000 ETH to his new wallet and began laundering the funds through cryptocurrency mixer Tornado Cash.

According to PeckSheildAlert, the WazirX exploiter moved 5,000 ETH (approximately $12 million) to a new address identified as “0x2…968” and then began funneling the funds to Tornado Cash, a mixing service that regulators allege has helped launder $7 billion worth of cryptocurrency funds since 2019.

At the time of writing, the exploiter sent 1600 ETH (about $3.8 million) to the crypto mixer within 30 minutes of receiving the funds in the new wallet, leaving 3,399.92 (about $8.19 million). The funds were sent over 16 transfers in batches of 100 ETH.

WazirX exploiter transfers funds to Tornado Cash | Source: Etherscan

Just two days earlier, on September 2, the attacker laundered an additional 2,600 Ether (ETH) via the Tornado Cash route, worth $6.5 million at the time. A similar pattern was noted, with funds being transferred in batches of 100 ETH across 26 transactions.

Taking into account the latest transfers, the attacker managed to launder a total of 4,200 ETH, which is equivalent to $10.11 million at current market prices.

WazirX lost a total of $235 million in the July 18 attack that crashed the exchange and forced it to implement the Singapore Scheme of Regulation, a restructuring process under the country’s bankruptcy laws and regulations.

Meanwhile, WazirX customers have expressed their displeasure over being limited to withdrawing only 66% of their funds after the exchange announced phased INR withdrawals starting August 26. Many users feel that this partial access is insufficient and have voiced their concerns on social media, while others have questioned when cryptocurrency withdrawals will resume.