Summary:
$230 million stolen from WazirX, with $102 million in SHIB tokens involved
Final transfer of 3,792 ETH routed through Tornado Cash
61,700 ETH converted from stolen assets
Significant $102 million liquidation caused a drop in SHIB value
WazirX users frustrated over lack of transparency post-attack
A Major Cryptocurrency Theft
A hacker has nearly completed laundering $230 million stolen from the WazirX exchange, with $102 million in Shiba Inu (SHIB) tokens as a significant part of the haul. The final transfer of 3,792 ETH, valued at around $9.93 million, has been sent to a new wallet, now routing the funds through the notorious Tornado Cash mixer.
The Aftermath of the Heist
This incident, which occurred in July 2024, saw the hacker convert most of the stolen assets into 61,700 ETH. Over the last 22 days, the hacker has been transferring these assets between various wallets, reaching the final stages of their laundering process.
One of the most significant impacts of the WazirX hack was the $102 million liquidation of 5.4 trillion SHIB tokens, which caused a sharp drop in the value of this popular cryptocurrency. The hacker sold all SHIB tokens on the same day, contributing to the market's volatility.
User Frustrations and Exchange Transparency
Despite the enormity of the breach, users of WazirX have expressed their frustration over the exchange's lack of transparency. Two months post-attack, WazirX has yet to provide wallet addresses or transparency reports, leaving many questions unanswered for affected users.
Connections and Clarifications
While there were initial rumors connecting Binance to WazirX, the crypto giant has since clarified that it has no ownership ties with the Indian exchange. This development has added another layer of complexity to the ongoing investigation into the hack and its ramifications.
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