The person who stole $230 million worth of cryptocurrency from India’s WazirX exchange moved most of the assets into Ether, blockchain analytics firm Lookonchain told X on Thursday night.
The hacker exchanged 43,800 ETH ($149.46 million) worth of funds and is said to be holding approximately 59,097 ETH, Lookonchain said. X PostThe wallet still holds about $15 million worth of cryptocurrencies in Dent, Chromia, Celer Network, and Frontier tokens.
Lookonchain added that “it is noteworthy that the WazirX exploiter deposited $7.7 million DENT (USD 7,300) to a previously unused Binance deposit address.”
An Indian cryptocurrency exchange suffered a $230 million breach on Thursday. Targeting multisig wallets. Over 200 different crypto assets were stolen from the Ethereum network, including Shiba Inu, Ethereum, Polygon, and Pepe Memecoin.
WazirX has since suspended all withdrawals after acknowledging the security breach. calling The incident is an “event of force majeure” that is beyond our control.
Meanwhile, another blockchain analytics firm, Elliptic, said According to the report, on-chain data suggests the attack was carried out by hackers linked to North Korea.
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About the Author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He was previously a reporter at Forkast.News, where he actively covered the downfalls of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong, and China. He holds a Bachelor of Arts in Journalism and Business Marketing from the University of Hong Kong.