Shiba

Tornado

Shiba Inu

WazirX

The WazirX hackers are again moving funds as addresses associated just laundered 10,000 Ethereum, worth Rs 197.68 crore through Tornado cash. This significantly reduces the chances of recovering the stolen funds, while legal procedures are going nowhere in Singapore for Indian users. 
On September 19, transactions happened again from the address, “<a href="https://etherscan.io/address/0x46b9d6f8424eb8075bfaa28127446e5b38340a0a" target="_blank" rel="noreferrer noopener nofollow">0x46b9d..</a>”, in which 50 transactions of 100 Ether and 1 transaction of 5,001 Ether.&nbsp; 
Prior to this on September 17, the transaction happened from the address,&nbsp; “<a href="https://etherscan.io/address/0x5990c7e24816bd103982b02e82ebf3adb49b6a6a" target="_blank" rel="noreferrer noopener nofollow">0x5990c7</a>..”, in which 50 transactions of 100 Ether. 
According to on-chain data from Etherscan, the hackers moved 10,000 ether early Wednesday, bringing the total to 15,000 ether since Monday night. Despite these movements, the hacker’s wallet still holds over $50 million in tokens, primarily ether. 
Tornado Cash, while not inherently illegal, is frequently used by crypto criminals to obfuscate transactions, making it harder to trace the origins of stolen funds. 
The hack in July targeted a multisig wallet at WazirX, leading to a loss of over $100 million in Shiba Inu (SHIB) and $52 million in ether, among other assets. These stolen funds represent more than 45% of WazirX’s total reserves, as reported in June 2024. The exchange has since initiated a restructuring process to address its liabilities. 
WazirX founder Nischal Shetty has shifted the blame multiple times during this restructuring period. Initially, he blamed custodian Liminal for the breach, a claim Liminal denied. 
In August, Shetty alleged that Binance held the majority of WazirX parent Zettai Labs’ funds, restricting their ability to compensate affected customers. However, <a href="https://www.cryptotimes.io/2024/09/17/binance-trashes-wazirx-claims-and-rejects-liability-for-hack/" target="_blank" rel="noreferrer noopener">Binance refuted these claims</a> in a blog post earlier this week. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/09/18/wazirx-hacker-has-moved-over-rs-1400-crore-in-2-months/" target="_blank" rel="noreferrer noopener">WazirX Hacker has moved over Rs 1400 crore in 2 months</a> 
</blockquote>

WazirX Hacker Launders 200 Crore in Two days

The Crypto Times

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