As a seasoned cybersecurity researcher with years of experience tracing digital footprints in the murky world of online crime, I can confidently say that this WazirX hack case is one for the books. The sophistication and intricacy of these money laundering methods are truly remarkable – it’s like playing a global game of digital cat-and-mouse with a particularly cunning feline.
It’s been discovered that the culprits behind the WazirX hack, which resulted in a staggering Rs 2000 crore loss, are busily converting their swiped cryptocurrencies into Bitcoin. This conversion is being done through various services designed to increase privacy, with a substantial portion of these funds being traced back to these services. As per Crystal Intelligence, a leading digital forensics firm, this is the primary method they’ve employed for laundering their ill-gotten gains.
After cashing out through Tornado Cash, the culprits have developed distinct strategies for shifting their ill-gotten gains. The inquiry revealed three main tactics: firstly, direct transfers of approximately 99.5 ETH to THORChain using intermediary accounts; secondly, intricate routes involving numerous stops before reaching THORChain; and thirdly, immediate division of funds across different addresses prior to depositing into THORChain.
According to Crystal Intelligence, the investigation continues as they closely monitor all actions taken by the hackers. Additionally, the team remains vigilant, watching out for any innovative strategies the hacker could employ to conceal the embezzled assets further.
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2024-11-04 16:54