Wazirx hacker sends 6.5 million ETH to Tornado Cash in the course

• Wazirx-hacker sends 6.5 million ETH to Tornado Cash, while the second phase of the INR withdrawals begins
• The hack on July 18 led to theft of $ 230 million, which led to trading stops and frozen withdrawals.
• Wazirx fights with legal problems and ongoing investigations.

The Wazirx hacker has transferred stolen Ethereum (ETH) worth $ 6.5 million to Tornado Cash.

This transfer takes place, while Wazirx, the Indian cryptocurrency exchange, which was hacked in July 2024, begins with the second phase of the withdrawals in Indian rupees (INR).

📢 phase 2 of the INR withdrawals begins earlier!

From today, all legitimate users can withdraw up to the full limit of 66% of their INR estate.

Originally, this was planned for September 9, but we preferred it to enable faster access. Thank you for your ongoing patience and support ... pic.twitter.com/6i3ba220b2

- Wazirx: India Ka Bitcoin Exchange (@wazirxindia) 3. September 2024

The first phase of the partial inr withdrawals began on August 26 and was originally supposed to run until September 8th.

Wazirx-hacker moved 2.6k ETH via Tornado Cash

The blockchain security company Cyvers reported that the Hacker responsible for the Wazirx burglary transferred 2,600 ETH worth around $ 6.5 million via Tornado Cash.

🚨Alarm🚨The @wazirxindia hacker has started to transfer funds to @Tornadocash at https://t.co/bxf5gbkvxj

The incident that from the @cyvers_ on July 18, 2024 led to a loss of 235 million US dollar.

So far, the attacker has 2.600 $ ETH dollar for tornado cash! … https://t.co/eglcmhayyb pic.twitter.com/jilx9rnd2y

-🚨 Cyvers warnings 🚨 (@cyversalerts) 2. September 2024

Tornado Cash, which was sanctioned by the US government, is known for veiling the origin of digital assets and making it so difficult for the law enforcement authorities to track down stolen funds and to regain. The hacker's advance underlines the sophisticated tactics with which cybercriminals try to avoid discovery.

The Wazirx hack, which took place on July 18, 2024, led to the theft of over $ 230 million from the stock exchange multi-signature wallet. The burglary significantly impaired Wazirx's operating stability and impaired the company's ability to deposit collateral for its assets.

After the attack, withdrawals were frozen and the trade was set. The stock exchange focused on partial restoration. According to reports, the losses among users could be divided, which could possibly lead to some not getting the full value of their cryptocurrency stocks.

Wazirx's efforts to restore the company

The second phase of the INR withdrawals, which starts today, should begin on September 9, the second phase of the INR withdrawals, in which users can withdraw up to 66 % of their INR goods. However, the stock exchange decided to provide the beginning to enable users to access their funds earlier.

This decision is part of a gradual plan to restore financial business according to the massive hacker attack.

WAZIRX is also involved in a legal proceedings in Singapore as part of his restructuring efforts. The stock exchange works with law enforcement authorities to cope with the consequences of the attack and to obtain justice.

Although the stock exchange at the Singain Court of Court applied for a 30-day moratorium to restructure its operation and to process user withdrawals, Coinswitch sued a sum of $ 9.7 million.

Due to ongoing investigations, the company faced the challenge of completely restoring INR withdrawals, since part of the credit that was denominated in rupees was still not accessible at the end of August.

While the situation is developing, both the replacement of the stolen funds and the more comprehensive effects on the Wazirx users remain reasonable.