A wallet address associated with the hacker that stole over $235 million from Indian crypto exchange WazirX has just moved $6.5 million worth of funds through the sanctioned crypto mixer Tornado Cash.
In a Sept. 3 X post, blockchain security platform Cyvers shared that the hacker had transferred 2,600 Ether (ETH) — worth $6.5 million at current prices — to Tornado Cash in a bid to launder the stolen funds.
Beginning on Sept. 2, the wallet address held a total of $6.7 million but now has just $154,000 after the hacker made 26 separate transfers of 100 ETH to Tornado Cash in just one hour, according to data from crypto tracking platform DeBank.
The hacker transferred .5 million to Tornado Cash. Source: DeBank
It comes as WazirX announced that it had begun allowing users to withdraw up to 66% of their Indian rupee token balances from the exchange nearly one week before the withdrawal window was scheduled to be open.
“Starting today, all eligible users can now withdraw up to the full 66% limit of their INR [Indian rupee] balances,” wrote the exchange in a Sept. 3 X post.
Related: WazirX restores balances post-hack, withdrawal timeline unclear
According to WazirX, the withdrawal period was initially scheduled for Sept. 9, but the exchange moved the window forward to allow users to access their funds sooner.
After the $235 million exploit on July 18, WazirX is partway through executing a staggered plan to restore its regular financial operations. The plan includes reinstating Indian rupee withdrawals, which began on Monday, Aug. 26.
On Aug. 23, the exchange said 34% of rupee-denominated balances were “frozen” and not immediately available for withdrawal due to ongoing investigations with various law enforcement agencies.
WazirX suggested there were still legal issues with crypto withdrawals. Additionally, WazirX’s restructuring efforts include pursuing legal proceedings in Singapore, where the company has selected the jurisdiction for its legal restructuring process.
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