WazirX Exploiter Moves $56.88M Worth of ETH to New Wallets, Keeps Selling Remaining Assets
- WBOYOriginal
- 2024-07-23 13:18:20503browse
According to the reports by Spot On Chain, the leading on-chain insights platform, more than 16,345 ETH have been moved to two new wallets just today.
On July 18, a cyberattack on WazirX’s multisig wallets resulted in the theft of $230 million. According to various experts, the hacker, named “WazirX exploiter,” could be the cybercriminal group Lazarus.
On Wednesday, the exploiter moved 16,345 ETH ($56.88 million) into two new wallets, ’0x58d’ and ’0x668,’ from the total loot in the past 20 minutes.
The exploiter now has 43,962 ETH ($153 million) left across various wallets.
The hacker also continues to sell the remaining assets. For instance, Pepe (PEPE), Gala (GALA), and Tether (USDT) have all been converted into ETH by the suspicious address, which is also burning the remaining assets.
In response to the exploit, the cryptocurrency exchange has paused deposits, withdrawals, and trading on its platform.
To cope with the fallout from the exploit, the cryptocurrency exchange has paused deposits, withdrawals, and trading across its entire platform.
In an effort to get assistance with tracing and freezing or returning the assets, WazirX is establishing a bounty program. The company is inviting individuals who are knowledgeable in blockchain technology and cybersecurity to “join this critical mission and protect the integrity of the cryptocurrency ecosystem.”
The company had initially offered a reward of 5% of the recovered funds for helping return them in full, but after receiving feedback from blockchain detective ZachXBT, the reward was later increased to 10%.
Additionally, the company is offering “up to $10,000 worth of USDT” for “actionable intelligence that leads to the freezing of the funds.”
According to ZachXBT, “There is no use in offering a $10 million prize if the person or organization in question is Lazarus Group since they are not going to simply hand over the money or be discovered and held legally accountable. 5% is lower than the industry standard of 10%+.”
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