The North Korean entity behind India's biggest crypto hack moved $11 million in stolen ether (ETH) early Monday in the latest batch of transfers to mixing service Tornado Cash.
The breach in July resulted in the loss of over $100 million in SHIB, $52 million in ETH, and other assets, representing a significant portion of WazirX's reserves, with ongoing efforts to manage the fallout through restructuring.
Tornado Cash allows crypto users to exchange tokens while masking wallet addresses on various blockchains. The service, by itself, is not nefarious but is commonly used by crypto criminals to clean an online trail.
The stolen funds accounted for over 45% of the total reserves cited by WazirX in a June 2024 report - and the exchange has since filed for a restructuring process to clear liabilities.
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