Crypto Exchange Hacker Moves $6,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield

An address connected to the hack of Indian crypto exchange WazirX is suddenly moving millions of dollars in Ethereum (ETH), according to the cybersecurity firm PeckShield.

PeckShield says that the hacker transferred the ETH stash to Tornado Cash, a coin-mixing service that facilitates anonymous digital asset transactions.

“WazirX Exploiter-labeled address has transferred 2600.1 ETH (worth ~$6.5 million) to Tornado Cash…”

The stolen ETH was part of the July 18th hack of WazirX, which resulted in the theft of more than $230 million in digital assets.

Blockchain tracking firm Lookonchain reported that the crypto exchange lost multiple digital assets in addition to ETH, including top stablecoin Tether (USDT), layer-2 scaling solution Polygon (MATIC), metaverse gaming token Gala (GALA) and memecoins Shiba Inu (SHIB) and Pepe (PEPE). Lookonchain also noted in July that the hacker was in the process of dumping the tokens and had already sold the stolen stash of SHIB and PEPE.

Last month, the exchange announced that it was reversing all trades and restoring customer balances after the hack.

“All users will have their portfolio balances on the WazirX platform restored to what they were on 18 July 2024, 1 PM IST… Affected users will receive an email notifying them of any affected trades.”

According to crypto sleuth ZachXBT, the hack appears to be traceable to North Korea’s notorious crypto hacking organization The Lazarus Group.

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