The WazirX exploiter transferred 5,000 eth to a new wallet and began laundering the funds through the Tornado Cash cryptocurrency mixer.
According to PeckSheildAlert, the WazirX exploiter excited 5000 eth (approximately $12 million) to a new address identified by “0x2…968” and subsequently began transferring the funds to Tornado Cash, a mixing service that regulators say helped launder $7 billion in crypto funds since 2019.
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As of writing, the exploiter sent 1,600 eth (about $3.8 million) to the cryptocurrency mixer within 30 minutes of receiving the funds in the new wallet, with 3,399.92 (about $8.19 million) remaining. The funds were sent in 16 transfers in batches of 100 eth.
Just two days ago, on September 2, the attacker had laundered an additional 2,600 Ether (eth), valued at $6.5 million at the time, via the Tornado Cash route. A similar pattern was recorded with the funds transferred in batches of 100 eth across 26 transactions.
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Taking into account recent transfers, the exploiter has managed to launder a total of 4,200 eth, which translates to $10.11 million at the current market exchange rate.
WazirX had lost a total of $235 million in the July 18 attack that paralyzed the exchange and forced it to seek a Singapore Plan of Arrangement, a restructuring process under the country's insolvency laws and regulations.
Meanwhile, WazirX customers have expressed their discontent at being limited to withdrawing only 66% of their funds after the exchange announced gradual INR withdrawals starting August 26. Many users feel that this partial access is insufficient and have voiced their concerns on social media, while others x.com/cryptoamanclub/status/1830829312347443423″ target=”_blank”>disputed when cryptocurrency withdrawals would resume.
