WazirX Hacker Now Holds 34,154 ETH Following Huge Laundering Effort

• The WazirX hacker has laundered 27,600 ETH by means of Twister Money, with solely 34,154 ETH left from the stolen funds.
• North Korean hackers have been concentrating on Bitcoin ETF issuers and crypto companies, triggering critical FBI warnings.

The continued investigation into the WazirX hacking incident has uncovered further data relating to the attackers and their actions. The hacker liable for the incident now owns round 34,154 ETH, which is equal to round $83 million. That is roughly 55% of the full digital belongings stolen through the incident.

Over the earlier week, the hacker is claimed to have delivered an extra 20,000 ETH, value roughly $47 million, to Twister Money, a decentralized web site identified for obscuring crypto transactions.

In whole, the hacker laundered over 27,600 ETH, which is value roughly $65.5 million. SpotOnChain, a blockchain analytics agency, introduced these new advances in one among its most up-to-date tweets.

🚫 The WazirX hacker now solely holds 34,154 $ETH ($83M) ~ 55% of their stolen quantity.

Up to now 7 days, the hacker despatched a complete of 20K $ETH ($46.97M) to #TornadoCash, bringing the full $ETH laundered to 27.6K $ETH ($65.5M).

Observe @spotonchain and set alerts for extra updates… pic.twitter.com/JkDOllKWWv

— Spot On Chain (@spotonchain) September 14, 2024

Hacker Exploits Twister Money to Obscure Stolen Funds By means of DeFi 

SpotOnChain’s insights counsel that the hacker is systematically making an attempt to cowl their traces through the use of Twister Money, a platform continuously related with criminal activity attributable to its capability to combine and anonymize crypto transactions.

Twister Money has already been recognized as facilitating cash laundering and has develop into a well-liked software for fraudsters eager to money out stolen belongings.

The WazirX hacker’s use of this service serves for example of how criminals can revenue from the relative anonymity that these networks provide by using decentralized finance (DeFi) infrastructure.

On September 11, CNF revealed that the WazirX hacker had already transferred 10,000 ETH and was laundering the stolen belongings through Twister Money and new wallets.

At the moment, regardless of laundering greater than $30 million in ETH, the hacker nonetheless had $115 million in stolen cryptocurrency. These knowledge reveal the numerous monetary influence of the hack, in addition to the dimensions of the funds nonetheless within the attacker’s possession.

Alternatively, our prior report has recognized North Korean hackers as a possible risk to the crypto enterprise. North Korean cybercriminals have apparently focused Bitcoin ETF issuers and crypto organizations with subtle social engineering assaults, prompting the FBI to problem warnings.

These assaults spotlight the crypto sector’s ever-increasing weaknesses, placing even cybersecurity specialists at risk from such elaborate ways.