WazirX Hackers Move 2100 ETH to Privacy Mixer Tornado Cash

IconCryptoNewsTerminal Staff10 Sep, 2024

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WazirX Hackers Move 2100 ETH to Privacy Mixer Tornado Cash

The hackers behind the recent WazirX exploit have moved 2100 ETH through privacy mixer Tornado Cash, according to blockchain security firm PeckShield. The funds were transferred in several transactions over the past two hours. WazirX, one of India's largest cryptocurrency exchanges, was hacked earlier this month, with the attackers making off with around $5.8 million worth of crypto assets. PeckShield believes the address used to move the ETH is associated with the WazirX hackers. Tornado Cash is a privacy tool that allows users to mix their crypto assets with those of others, making it difficult to trace the origin of the funds. It has been used in the past to launder money and facilitate illicit activities. The movement of the stolen funds to Tornado Cash is a concerning development, as it could make it more difficult for law enforcement to recover the stolen assets. However, it is also possible that the hackers are simply trying to obfuscate the trail of the stolen funds and make it more difficult for victims to track them down. Only time will tell what the hackers' ultimate intentions are, but for now, the movement of the stolen funds to Tornado Cash is a reminder of the risks associated with holding crypto assets on exchanges.