After a Singapore Court asked WazirX exchange to release details of their wallet addresses containing user funds, the exchange management submitted over 1100 pages long affidavit to court on Thursday that had over 2,40,000 wallet addresses.
The WazirX management has claimed that 55% of user funds have been consolidated in these 2,40,000 wallet addresses post the Rs 2000 crore hack and they have taken this step to ensure transparency with users.
However, an investigation carried out by The Crypto Times has revealed that WazirX has submitted dubious and repetitive data to the Singapore court when it comes to wallet addresses of their 4.4 million customers. According to WazirX exchange, they had stored 45% user funds in a single cold wallet while remaining 55% was spread across 2,40,000 wallets.
We analyzed only first two pages of public wallet addresses of WazirX as submitted in the affidavit and found out that at least 16 wallet addresses have been repeated by the exchange management.
Here’s a list of wallet addresses that we have compiled from the first two pages of the wallet data of WazirX. Readers are encouraged to check for themselves by copy-pasting the wallet addresses in the search tool box of the affidavit in pdf form.
Certain Wallets Active Despite Trading Suspended on WazirX Platform
A further probe into the wallet addresses reveal that a single wallet holding $2.6 Million is still active despite the exchange suspending all operations since the July 18 hack. The seventh address from the top, which is from Tron chain with id: TXe3EibZP9jFogwyqLPd3APdwxZbiQBUqi holds $26,274,417.79. Let’s dive deep into its on chain activity.
Here is the transaction hash for its most recent activity: da6cbad09fb27e287307ba56c4d14f7b99ede681e8443675ca6cb85767d384c7.
Tron scanner clearly shows that on 16th October 2024, an HTX wallet with address tagged TFTWNgDBkQ5wQoP8RXpRznnHvAVV8x5jLu transferred 235,511,683,421.73961001HTX to the WazirX claimed wallet.
Now, assuming multichain wallets can have the same address for different chains, and they added the wrong chain in front by mistake, there is also a bitcoin address repeating in the list.
Another discrepancy that we found out was here, the 7th address in third column of pg. 312 of the affidavit with wallet id 0xdbcc6f2f49b35f8fa3290f2a4dd6204a580dd4b1
Etherescan shows that this wallet has been inactive for 2 years; it interacted with a WazirX Binance controlled account and not with a Zettai account. WazirX themselves claimed that after the Binance fallout, they shifted funds to new wallets in protest. But did they shift crypto assets from Binance controlled wallets is a question that remains to be answered.
And this is what WazirX has given us to mask their on-chain activities. Nischal and Wazirx management’s game plan is simple: let them find a needle in a haystack to buy some time. What they didn’t think of is that a magnet would foil their plan.
Also Read: Delhi High Court issues notices to FIU and ED regarding WazirX Hack
