• The WazirX hacker is very close to laundering the full $230 million stolen back in July.
• North Korean hackers are increasingly targeting crypto firms, raising serious global security concerns.

In a tweet, SpotOnChain has revealed a substantial update on the WazirX hacker, who is on the verge of laundering the full $230 million stolen in July 2024.

In the reveal, the hacker transferred the remaining 3,792 ETH, valued around $9.93 million, to a new wallet called “0xa6e.” This wallet has been actively sending ETH to Tornado Cash, a famous cryptocurrency mixing service that helps to obfuscate transaction trails.

Hacker Systematic Strategy for Laundering Stolen WazirX Funds 

The WazirX breach resulted in the theft of $230 million on July 18, 2024. The hacker quickly traded the majority of the stolen assets for 61,700 ETH, displaying a deliberate strategy to secure their profits. Then, on September 3, the hacker began using new wallets to launder this cash, gradually working toward their goal.

After 22 days, they are practically finished, showing a well-organized and systematic effort to cover their tracks and avoid detection.

Prior to this, CNF reported on September 15 that the hacker had already laundered 27,600 ETH via Tornado Cash, leaving 34,154 ETH from the stolen assets. This demonstrates that in a relatively short period of time, the hacker was able to drastically minimize the traceable portion of the stolen assets, highlighting the efficiency and proficiency of their laundering procedures.

The involvement of North Korean hackers, as we previously noted, who have turned their attention to attacking Bitcoin ETF issuers and crypto companies, has exacerbated the problem, causing the FBI to issue a strong warning.

This development points to a growing trend in crypto-related attacks, with clever threat actors always looking for chances to take advantage of digital asset vulnerabilities.