It seems that I am being asked, as a researcher, the person’s a good time ofia-Waz, personal relationship with Wazing.
Approximately 50 days following the reported hack of the WazirX exchange that resulted in the theft of approximately $234 Million (Rs 2000 crore) in cryptocurrencies, there have been signs of attempted laundering. On Wednesday, the suspected culprits moved around 5000 ETH (approximately Rs 100 crore) through a service called Tornado Cash Mixer. Over the past three days, it has also been observed that they’ve transferred approximately 7600 ETH (around Rs 152 crores) of user funds to various different addresses, presumably as part of an effort to launder these assets further
According to information obtained by The Crypto Times, an individual known as the “WazirX exploiter” conducted a single transaction of 5000 ETH at approximately 1:30 pm IST and moved these funds to a newly created address. Despite ongoing legal disputes between WazirX management and Binance, the activities of this cryptocurrency hacker persist
Based on findings from blockchain analysis company PeckShield, it appears that the hacker has moved around 5,000 Ether, valued at approximately $12 million or about 100 crores Indian rupees, into a fresh wallet (0x2D2…a968). Subsequently, they have been progressively transferring these funds to Tornado Cash
In summary, within a-30minutes were transferred approximately $3. Ethere transactions of around $3.8million was quickly transferred to Tornado Cash, distributed across 160 transactions with each transaction being worth around $6.5million. This mirrors the pattern observed on September 2 when an attacker laundered$6.5millionETHthrough thesame method
This strategy is intended to bypass monitoring from blockchain services, as larger transactions are more prone to trigger alerts. Thus, in the entire WazirX hackers successfully transferred 7600 ETH to new wallets and laundered a total of 4200 ETH with a value around $10.11 million using Tornado CashMixer
Learn More About Tornado Cash
Tornado Cash is a system that anonymizes transactions, blurring the origin of funds by merging several incoming payments into one outgoing transaction. This makes it challenging to track where specific funds initially came from. However, this platform has raised concerns due to its potential use in money laundering schemes. It seems that the culprit is employing Tornado Cash to conceal the path of the stolen assets
With no help in sight, WazirX users turn to hacker for mercy
Recently, there seems to be a disagreement between Binance and Zillabyte Pte Ltd – the parent company of WazirX – over ownership of the exchange. As a result, co-founder Nischal Shetty has expressed concern about the safety of the user crypto funds for the safety of the hackers may have taken control of the WazirX users, adding to the growing ambiguity around the safety of user crypto funds. The WazirX users are now attempting to reach out to these alleged hackers in search of a clearer understanding
Hey potential hacker at WazirX, we extend an invitation for a conversation if you’re open to discussing terms.
It might be worth noting that, much like many others, WazirX doesn’t have a single owner. Neither Mr. Nischal nor Binance holds the reins. Instead, the real proprietors are the users – those whose assets you’ve managed to acquire
— Justice for WazirX Users (@IndiasCrypto) September 5, 2024
Conclusion
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2024-09-05 14:12