A WazirX hacker moved $6.5 million in ETH to cryptocurrency mixing platform Tornado Cash

The wallet address that belongs to the hacker who stole more than $235 million Indian cryptocurrency exchange WazirX recently moved $6.5 million worth of cryptocurrencies to Tornado Cash mixer.

Blockchain security platform Cyvers Alerts flagged the deal on September 3. mail On X. According to the tweet, the hacker sent 2,600 ETH to the exchange in an attempt to launder the money.

A hacker executed multiple ETH transfers in quick succession.

The day before the $6.5 million transfer to Tornado Cash, the wallet held $6.7 million in cryptocurrency. After 26 separate ETH transfers, the wallet still held $154,000.

All transactions were executed within an hour and 100 ETH were sent to the cryptocurrency mixing platform with each transfer, according to Data From your bank.

These transfers also come as the exchange has opened up Indian Rupee (INR) withdrawals for its customers. WazirX users affected by the hack can now withdraw 66% of their balance in INR.

📢 Phase 2 of Indian Rupee withdrawals starts early!

Starting today, all eligible users can withdraw up to a maximum of 66% of their balances in INR.

The conference was originally scheduled for September 9th, but we have decided to move this date forward to provide faster access. Thank you for your patience and continued support… pic.twitter.com/6I3BA220b2

— WazirX: Indian Bitcoin Exchange (@WazirXIndia) September 3, 2024

WazirX said on August 23 that users are only able to withdraw up to 66% of their INR balances because the remaining funds are “frozen” due to multiple ongoing investigations with different law enforcement agencies.

WazirX app allows withdrawal of Indian Rupees up to one week in advance

Initially, the exchange’s withdrawal window was supposed to open only on September 9. However, the platform decided to enable INR withdrawals a week earlier to allow platform users to access their funds.

Wazirx INR is working on its phased plan to restore regular financial operations on its platform. Part of this plan is to reactivate Indian Rupee withdrawals for customers, which began on August 26.

The exchange noted that there are still some legal issues that have restricted cryptocurrency withdrawals. WazirX is also pursuing legal proceedings in Singapore as part of its restructuring.

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