The WazirX hacker just recently moved millions of dollars’ worth of stolen crypto through Tornado Cash, a mixer service.
Mixer usage, but with bad intention
The hacker stole over $235 million from the Indian crypto exchange WazirX, and now funneled $6.5 million worth of Ethereum through Tornado Cash, a crypto mixer which is also able to conceal the trail of illicit funds.
Cyvers reported that the hacker transferred 2,600 ETH, valued at $6.5 million at current prices into Tornado Cash likely in an effort to launder the stolen money.
The hacker’s wallet initially held $6.7 million on September 2, but after 26 transfers of 100 ETH each, now only $154,000 remained in the account.
The transactions occurred within a single hour.
WazirX re-enable withdrawals
WazirX announced that it allowed again users to start withdrawing up to 66% of their Indian rupee token balances a little earlier than planned.
Originally, the exchange had set September 9th as the date for reopening withdrawals, but the window was moved forward to September 3.
WazirX informed users via a social media post that withdrawals of up to 66% of INR balances were now available, and the exchange has been gradually restoring its financial services.
Slow but steady progress
WazirX clearly made progress in reopening withdrawals, but it is still grappling with legal challenges related to the missing funds.
The exchange shared that 34% of rupee-denominated balances remained frozen due to ongoing investigations by various law enforcement agencies.
Next to this, WazirX is also undergoing a legal restructuring process, which it has opted to carry out under Singaporean jurisdiction.
It seems WazirX working hard to rebuild customer trust, and regain the reputation which was theirs in the Indian crypto industry.
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