Bloomberg reports an update on the cyberattack of the WazirX cryptocurrency exchange. The attack, suspected to be linked to the Lazarus Group in North Korea, resulted in the theft of $234 million from the Indian exchange and left WazirX announcing that they were unlikely to recover 43% of the stolen funds.
The attacker behind India’s worst crypto hack has begun laundering some of the $234 million stolen in the incident from the WazirX exchange, acting the same day the platform briefed on efforts to recover funds.
The perpetrator on Monday moved 2,500 Ether tokens worth about $6.3 million to Tornado Cash — a sanctioned service that blurs the origin of cryptoassets — soon after the briefing led by WazirX’s Dubai-based founder Nischal Shetty.
Blockchain intelligence firm Arkham Intelligence highlighted the flows, which underline the difficulty of recovering the digital assets. Over 4 million users have been impacted by a hack that threatens to erode confidence in domestic Indian crypto exchanges, which were already stunted by a transaction tax.
Read more at Times of India.
