WazirX Hacker Moves Millions Worth of ETH Using Tornado Cash
The hacker behind the recent WazirX hack has moved millions of dollars worth of stolen Ethereum (ETH) through the Tornado Cash mixer in an attempt to launder the funds.According to blockchain analytics firm Elliptic, the hacker has moved over $5 million worth of ETH through Tornado Cash since the hack on August 2nd. Tornado Cash is a privacy-focused mixer that allows users to send and receive ETH anonymously.The hacker is likely using Tornado Cash to break the link between the stolen ETH and their own wallet. This makes it more difficult for law enforcement to track the funds and recover them.The WazirX hack is one of the largest cryptocurrency hacks in history. The hacker stole over $200 million worth of cryptocurrencies from the exchange.The hack has raised concerns about the security of cryptocurrency exchanges. WazirX is one of the largest cryptocurrency exchanges in India. The hack shows that even large and well-established exchanges are not immune to attack.The use of Tornado Cash by the WazirX hacker is also a concern. Tornado Cash has been used by criminals to launder money in the past. The use of Tornado Cash by the WazirX hacker shows that criminals are increasingly using privacy-focused mixers to launder stolen funds.Law enforcement agencies are investigating the WazirX hack. It is unclear if they will be able to recover the stolen funds.The WazirX hack is a reminder that cryptocurrency exchanges are not immune to attack. It is important for investors to take steps to protect their funds, such as using strong passwords and two-factor authentication.Timeline of the WazirX Hack
- August 2nd, 2022: The WazirX hack occurs.
August 4th, 2022: WazirX announces that it has been hacked and that over $200 million worth of cryptocurrencies have been stolen.- August 5th, 2022: The hacker begins moving stolen ETH through Tornado Cash.
August 8th, 2022: Elliptic reports that the hacker has moved over $5 million worth of ETH through Tornado Cash.Impact of the WazirX Hack
The WazirX hack has had a significant impact on the cryptocurrency market. The hack has caused the price of ETH to fall. The hack has also raised concerns about the security of cryptocurrency exchanges.The WazirX hack is a reminder that cryptocurrency exchanges are not immune to attack. It is important for investors to take steps to protect their funds, such as using strong passwords and two-factor authentication.