WazirX Hacker on the Move: $12 Million Worth of ETH Transferred
CryptoNewsTerminal Staff05 Sep, 2024
WazirX Hacker on the Move: $12 Million Worth of ETH Transferred
WazirX Hacker's Latest Move CyberAlert's recent findings have revealed a significant transaction made by an address linked to the notorious WazirX hacker. According to their analysis, 5,000 ETH (approximately $12 million) has been moved from the hacker's address to a new destination. Recall of WazirX Theft In August 2022, WazirX suffered a major security breach resulting in the theft of customer cryptocurrency assets worth an estimated $230 million. The company's legal counsel has since acknowledged the slim chances of customers recovering their stolen funds through restructuring efforts. Ongoing Investigation The transfer of 5,000 ETH suggests that the hacker responsible for the WazirX theft is actively moving the stolen funds. Law enforcement agencies and blockchain security firms are closely monitoring the situation and investigating the hacker's activities. Impact on Customers The impact of this latest transfer on WazirX customers remains uncertain. While the stolen funds have not been recovered, the investigation is ongoing and further developments are expected. Customers are advised to stay informed about the situation and follow the guidance of relevant authorities.
