Elliptic Analysis: Cryptocurrency exchange WazirX was attacked by North Korean hackers

This site (120BtC.coM): Today, the well-known cryptocurrency exchange WazirX was hacked and lost up to US$235 million in crypto assets. According to an investigation by blockchain analytics firm Elliptic, the attack was linked to North Korea and involved as many as 200 different cryptocurrencies. Do North Korean hackers look like the end of exchange funds? Recently, US$300 million in DMM, a well-known Japanese exchange, was also rumored to have come from North Korean hackers.

Details of the attack revealed

Elliptic’s analysis shows that the attack resulted in the theft of approximately $235 million in crypto assets, including approximately $96.7 million in Shiba Inu (SHIB), $52.6 million in Ethereum (ETH), 11 million Matic for $7.6 million and PEPE for $7.6 million.

Asset Transfer and Money Laundering Process

Hackers have converted some tokens into Ethereum through various decentralized services, which is a typical preliminary step in the money laundering process. Elliptic has emphasized this point in its report "The State of Cross-Chain Crime in 2023". This action shows the hacker's familiarity and professional operation of the money laundering process.

On-chain analysis and other information show that the attack was carried out by hackers related to North Korea.

Risk Prevention Measures

In response to this threat, Elliptic has added hacker-related addresses to its system, ensuring that its customers are promptly alerted when receiving these funds. This move aims to improve the security of cryptocurrency transactions and prevent more funds from being illegally transferred and laundered.

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