WazirX Hackers Launder Cryptocurrency, Move 5,000 ETH to New Address
CryptoNewsTerminal Staff18 Sep, 2024
WazirX Hackers Launder Cryptocurrency, Move 5,000 ETH to New Address
WazirX, a leading Indian crypto exchange, is once again in the spotlight after blockchain security firm PeckShield reported that hackers have moved 5,000 ETH ($11.6 million) to a new address. This development comes amid ongoing investigations into the August 2022 hack of WazirX, which resulted in the theft of $26 million worth of crypto assets. The latest transfer, labeled by PeckShield as linked to the WazirX hackers, involved the movement of 5,000 ETH from an address associated with the exchange to a new address starting with 0x5990. The transaction was confirmed on the Ethereum blockchain, adding to the concerns surrounding the security of WazirX's platform. WazirX has yet to comment on the incident, leaving many in the crypto community seeking answers. As the investigation into the August hack continues, this latest development raises further questions about the adequacy of WazirX's security measures and the safety of user funds.
