WazirX Hackers' Addresses Allegedly Laundered Millions Through Tornado Cash
CryptoNewsTerminal Staff05 Sep, 2024
WazirX Hackers' Addresses Allegedly Laundered Millions Through Tornado Cash
WazirX, an Indian cryptocurrency exchange, recently fell victim to a cyberattack. PeckShield, a blockchain security firm, has identified the alleged addresses of the hackers responsible for the attack. According to PeckShield, these addresses transferred 1,600 ETH, worth approximately $3.86 million, to Tornado Cash, a popular crypto mixer used to launder illicit funds. The use of Tornado Cash has raised concerns among law enforcement and regulators, as it allows users to obfuscate the origin and destination of their transactions. This makes it difficult for authorities to track and recover stolen funds. The investigation into the WazirX hack is ongoing, and it remains to be seen whether the stolen funds can be recovered. However, the use of Tornado Cash by the alleged hackers highlights the growing threat of crypto-related crime and the need for stronger security measures in the industry.
