WazirX Hacker Launders Millions Through Tornado Cash
$230 million stolen in July; users may recover only 55% of their funds as WazirX restructures
- The hacker moved $6.5 million worth of ETH through Tornado Cash in 26 transactions.
- Tornado Cash, sanctioned in the U.S., is often used to obscure illicit crypto transactions.
- WazirX has filed for a six-month moratorium to restructure its finances after the hack.
- Users are advised to withdraw 66% of the INR balances that have been unfrozen.
- North Korea's Lazarus Group is suspected to be behind the WazirX hack.