WazirX Hacker Transfers $6.5 Million In ETH To Crypto Mixing Platform Tornado Cash

A wallet address belonging to the hacker that stole more than $235 million from the Indian crypto exchange WazirX recently moved $6.5 million in crypto to the mixer Tornado Cash.

Blockchain security platform Cyvers Alerts noted the transaction in a Sept. 3 post on X. According to the tweet, the hacker sent 2,600 ETH to the platform to try to launder the funds.

Hacker Executed Multiple ETH Transfers In Quick Succession

A day before the $6.5 million transfer to Tornado Cash, the wallet held $6.7 worth of crypto. After executing 26 separate ETH transfers, the wallet still holds $154,000. 

All of the transactions were executed within an hour and saw 100 ETH sent to the crypto mixing platform with each transfer, according to data from DeBank.

These transfers also come as the exchange platform opened up Indian Rupee (INR) withdrawals for their customers. WazirX users that were impacted by the hack are now able to withdraw 66% of their INR balance. 

Users are only able to withdraw up to 66% of their INR balances because the remaining funds have been “frozen” due to multiple ongoing investigations with various law enforcement agencies, WazirX said on Aug. 23.

WazirX Enables INR Withdrawals A Week Early

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

WazirX is in the process of rolling out its staggered plan to restore regular financial operations on its platform. Part of this plan is the re-activation of INR withdrawals for clients, which started on Aug. 26.

The exchange suggested that there are still some legal issues that have restricted crypto withdrawals. WazirX is also carrying on with legal proceedings in Singapore as part of its restructuring.

Related Articles:

• Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!
• Meme Coins Trade At A Discount From ATH – Crypto All-Stars Offers New Path For Gains, Raises $900K In ICO
• Ripple Launches A New Token Standard On XRP Ledger To Facilitate Crypto NFTs Issuance