Fri, September 06, 2024 at 19:05

• 

  Joy

  • Hey Annie!

  • Did you hear about the hacker who stole over $230 million worth of crypto from WazirX back in July?😱

  • 
• Annie

  • Wow, that's a huge amount!

  • What happened next?🤔

  
• 

  Joy

  • Well, according to PeckShield, the hacker is still laundering their stolen Ethereum (ETH).

  • Just yesterday, they transferred 5,000 ETH, worth about $12 million, to a new wallet.

• Annie

  • That's crazy!

  • How are they laundering it?😮

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Joy

  • They used a service called Tornado Cash, which is pretty controversial.

  • It helps users conceal their digital assets.

  • They laundered around 1,600 ETH, worth $3.86 million, through it.

• Annie

  • Tornado Cash?

  • Sounds shady.

  • Have they done this before?🤨

  
• 

  Joy

  • Yeah, earlier this week, they funneled 2,600.1 ETH, worth about $6.5 million, to Tornado Cash from a different address.

  • They're definitely on the move!

• Annie

  • Wow, they're really persistent.

  • What did they steal in July exactly?😳

  
• 

  Joy

  • In July, they looted $52.5 million worth of Ethereum, $102 million worth of Shiba Inu (SHIB), $11.24 million worth of Polygon (MATIC), $7.6 million worth of Pepe (PEPE), $3.5 million worth of Gala (GALA), and $5.79 million in Tether (USDT).

• Annie

  • That's a diverse portfolio!😅 Has WazirX done anything to address this?

  
• 

  Joy

  • Yeah, last month they announced they would roll back all trades and restore account balances to what they were before the withdrawal stoppage on July 18th.

• Annie

  • That's good for the users, I guess.

  • Any idea who the hacker might be?🤔

  
• 

  Joy

  • Crypto sleuth ZachXBT thinks it might be North Korea's notorious hacking group, The Lazarus Group.

  • They're known for these kinds of heists.

• Annie

  • North Korea?

  • That's intense.

  • So, is this news good or bad for the market?📉📈

  
• 

  Joy

  • Honestly, it's pretty bad.

  • 

  • It shakes trust in the security of crypto exchanges and could lead to more regulations.

  • Investors might get spooked and pull out, causing prices to drop.😔

  • To sum up, this article is considered a 😱Bearish for investors!!