One of India's largest exchanges WazirX was hacked and assets worth over Rs. 234,9 million dollars. This situation should once again remind us of the importance of not storing assets in exchange wallets and being careful when choosing the platform you work with.
However, in today's article we will look closely at the path to where the assets have gone.
It was quite easy to follow their next steps, so below we leave a link to the wallet, as well as show – exactly what assets were stolen and how the hackers proceed further.
According to the analysis, overall 234,9 million in funds transferred to the new address.
ZachXBT, a well-known blockchain transaction researcher, provided a detailed analysis of the recent WazirX hack. Here are the highlights and an overview of his findings:
Startup funding through Tornado Cash:
On July 10 at 15:03 UTC, the wallet '0xc68' received 1 ETH from Tornado Cash.
A corresponding deposit of 1 ETH was made to the wallet '0x87c09 hours earlier.
Table of Contents
Transaction Tracking:
Tracing from wallet'0xc891', we can see that it was financed with two transactions 0,36 ETH and 0,66 ETH on July 8th.
These transactions came from the exchange wallet “0xc2fdc2" and another wallet "0xa626».
Tracking fee:
Tracking ends as BTC appears to come from an unknown service, making further tracking difficult.
The Zach XBT notes that the hack shows possible signs of a team attack Lazarus and calls on the WazirX team to be transparent in their actions.
The team Lazarus is a cyber crime group that has been linked to North Korea. They are known for their sophisticated and large-scale cyber attacks around the world.
Exchange address – https://wallet.arbitragescanner.io/0x27fd43babfbe83a81d14665b1a6fb8030a60c9b4?ref=76FI1C9PM2
The “0x04b2” wallet has come under scrutiny as it has started dumping these assets on the market. Specifically, the wallet has already sold 640,27 billion tokens PEPPER worth about $7,6 million.
After analyzing the wallet, we are attaching below a detailed list of assets stolen by WazirX
- 5,43 trillion SHIB ($102 million)
- 15.298 ETH ($52,5 million)
- 20,5 million MATIC ($11,24 million)
- PEPE 640,27 billion ($7,6 million)
- 5,79 million USDT
- 135 million GALA ($3,5 million)
Add the hacker's other wallets so you can also analyze their transactions and track changes in real time.
→ 0x35febC10112302e0d69F35F42cCe85816f8745CA
→ 0x90ca792206eD7Ee9bc9da0d0dF981FC5619F91Fd
Impact and Market Reaction
The scale of this asset movement is significant, raising questions about the security measures in place at WazirX and the potential market impact of such a large asset disposal.
The cryptocurrency community and investors are closely monitoring the situation and await further updates from WazirX and other authorities involved in the investigation of this incident.
LIABILITY DISCLAIMER:
Cryptocurrency trading is VERY risky. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money
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