WazirX Hacker Launders $10 Million via Tornado Cash, Echoes Lazarus Group Tactics
- The hacker who stole over $235 million from WazirX transferred $10 million through Tornado Cash.
- Blockchain security firm Cyvers reports the hacker moved 5,000 ETH ($12 million) to a new wallet.
- Market analysts note similarities between the hacker’s methods and those of North Korea-backed Lazarus Group.
- WazirX allows early withdrawals of 66% INR token balances amid user dissatisfaction and ongoing restructuring in Singapore.
One standout aspect is the hacker’s sophisticated laundering process, mirroring the tactics of the notorious Lazarus Group, known for its complex chain-hopping techniques and use of Tornado Cash to obscure transactions.
The hacker’s actions highlight the ongoing vulnerabilities in the crypto exchange ecosystem and raise questions about the effectiveness of current security measures. As WazirX works on restructuring and addressing user concerns, the broader crypto community must remain vigilant to counter such advanced threats.
