- Hackers moved 10,000 ETH (~$23.3M) in the past 24 hours.
- In the last eight days, 12,600 ETH (~$ $30.13M) has been laundered.
- Four hacker groups laundered $49.3M via Tornado Cash, retaining a total of $127.62M in stolen funds.
Blockchain analytics firm SpotOnChain has flagged another significant movement of funds linked to the WazirX exchange hack. In the last 24 hours, the hackers transferred a total of 10,000 ETH, approximately $23.3 million. This transaction included a 5,000 ETH transfer to Tornado Cash, a privacy-focused mixer, and another 5,000 ETH sent to a new address, likely for further laundering.
Hackers’ Portfolio and Laundering Activities
The hackers have laundered a total of 12,600 ETH, or about $30.13 million, in the past eight days. They currently hold 49,100 ETH, valued at $115 million, with smaller allocations in CELR, OOKI, FRONT, and LOOM tokens. This brings their overall portfolio balance to approximately $118.34 million.
Tornado Cash has become a favored tool for cybercriminals to obscure their cryptocurrency transactions. SpotOnChain data reveals that four hackers, including those behind the WazirX breach, have deposited 20,561 ETH ($49.3 million) into Tornado Cash since September 1st. The Penpie hackers were particularly swift, laundering 11,261 ETH ($26.7 million) within four days of their theft. In contrast, the WazirX hackers still hold a substantial 54,155 ETH ($123 million), representing nearly 88% of the stolen funds.
Read also: WazirX Hackers Transfer $12M in ETH, Laundering via Tornado Cash
Ethereum Price Drop and Tornado Cash Deposits
During this period, the price of Ethereum has fallen to as low as $2,169, a decline of over 13%. Analysis of Tornado Cash deposits between September 1 and September 8 provides a glimpse into the hackers’ activities. The Penpie hackers deposited 11,261 ETH and currently hold no ETH. The WazirX exploiters deposited 7,600 ETH and still hold a massive 54,155 ETH. The Bo Shen hackers deposited 1,500 ETH and now have 183 ETH remaining. Finally, the LiFi exploiter deposited 200 ETH and currently holds 1,705 ETH.
Read also: WazirX Hackers Continue to Move Stolen ETH, Cyvers Warns
On an aggregate, these hackers have deposited 20,561 ETH (approximately $49.28 million) into Tornado Cash. Furthermore, they still retain a significant 56,043 ETH, valued at $127.62 million.
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