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Market News

WazirX Hacker Transfers 2,600 ETH Worth $6M to Tornado Cash

Written By:
Jalpa Bhavsar

Reviewed By:
Jahnu Jagtap

Last updated: September 3, 2024 12:35 AM
Published 2024-09-02
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WazirX Hacker Transfers 2,600 ETH Worth $6M to Tornado Cash

In a recent development, the hacker involved in the WazirX security breach has transferred $6 million in stolen funds to Tornado Cash, a privacy-focused cryptocurrency mixer.

In the last hour, the WazirX hacker made 26 transactions in which he sent 100 ETH in each transaction to Tornado Cash. In these transactions, there has been a transfer of 2600 ETH, which is valued at 6 million at the current market price. 

WazirX Hacker Transfers 2,600 ETH Worth $6M to Tornado Cash
Source: Etherscan

The hack, which happened on July 18, caused a startling $234 million loss of customer cash, or 45%. WazirX has filed a request for relief from the Singapore High Court in reaction to the attack to find a solution for its users, who are demanding payment for their damages.

The hacker’s usage of Tornado Cash exacerbates the problem by making it more difficult to locate and recover the stolen money.

Also Read: Nischal says WazirX Don’t Know Who is Responsible for User Crypto Funds

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
Follow:
Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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