WazirX hacker moves $6M in crypto to Tornado Cash
WazirX, the wallet address linked to the wallet that stole more than $235 million from the Indian crypto exchange, moved $6.5 million worth of funds through the authorized crypto mixer Tornado Cash.
In a Sept. 3 post to X, the blockchain security forum, Cybers shared that the hacker transferred a total of 2,600 Ether (ETH) — worth $6.5 million at current prices — to Tornado Cash to disburse the stolen funds.
As of September 2, the wallet address held a total of $6.7 million, but now only holds $154,000.
The hacker transferred .5 million to Tornado Cash. Source: Debank
This comes as WazirX announced that it has started allowing users to withdraw up to 66% of their Indian Rupee (INR) token balance from the exchange, a week before the withdrawal window opens.
In a post to X on September 3, the exchange said, “Starting today, all eligible users can withdraw their INR balance up to a limit of 66%.
Related: WazirX restores balances after hack, timeline for withdrawal unclear.
According to WazirX, the release date was initially planned for September 9, but the exchange moved the window forward to allow users to access their funds sooner.
After the $235 million exploit on July 18, WazirX is currently part of the way through a step-by-step plan to restore normal financial operations. The plan includes demonetisation of the Indian rupee which began on Monday, August 26.
In the year On August 23, the exchange said that due to ongoing investigations with various law enforcement agencies, 34% of INR-accepting accounts were “locked” and not available for immediate withdrawal.
WazirX pointed out that there are still legal issues with crypto mining. In addition, WazirX's restructuring efforts include pursuing legal proceedings in Singapore, where the company has opted for the legal restructuring process.
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