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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.
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