According to blockchain analysis firm Lookonchain, the hacker responsible for the $230 million breach of India's WazirX exchange converted a significant portion of the stolen assets into Ethereum.
The Hacker Behind the $230 Million WazirX Attack Converted Most of the Damaged Assets to Ethereum
Via Lookonchain
The wallet still contains approximately $15 million worth of crypto assets, including Dent, Chromia, Celer Network and Frontier tokens.
“It is worth noting that the WazirX attacker deposited 7.7 million Dent ($7.3 thousand) to a previously unused Binance deposit address,” Lookonchain said. he added.
The WazirX attack, which occurred on Thursday, targeted the exchange's multisig wallet on the Ethereum network.
The attack led to the theft of more than 200 different crypto assets, including Shiba Inu, Ethereum, Polygon, and PePe memecoin.
In response, WazirX halted all withdrawals and acknowledged the security breach, calling the incident an “emergency” beyond its control.
Adding to the complexity of the situation, blockchain analysis firm Elliptic published a report stating that on-chain data showed that the attack was carried out by hackers affiliated with North Korea.
*This is not investment advice.