WazirX Hacker Moves $6.54 Million in Ethereum as Investigation Continues  

• The WazirX hacker recently transferred $6.54 million in Ethereum to Tornado Cash, complicating recovery efforts.
• The hacker still controls $148.8 million in Ethereum across nine wallets, heightening market volatility.
• Zettai, the parent company of WazirX, seeks legal protection to manage the aftermath of the $230 million theft.

In a significant development, the hacker behind the massive WazirX cryptocurrency heist has resurfaced. This time, the individual transferred 2,600 ETH, valued at approximately $6.54 million, to the mixing service Tornado Cash. The transfer occurred just 18 hours ago, further complicating efforts to trace and recover the stolen assets.

Remaining Funds and Market Impact

Despite this transfer, the hacker still holds 59,156 ETH, worth about $148.8 million. These funds are spread across nine different wallet addresses, making the recovery process challenging. The hacker’s previous actions have already exerted considerable pressure on various digital assets, particularly Ethereum, as they actively traded the stolen funds for ETH, leading to market fluctuations.

Previous Transactions and Market Reaction

One of the most significant previous transactions involved the sale of 5.4 trillion Shiba Inu (SHIB), valued at $102 million. This large sale caused the price of SHIB to plummet by nearly 8%, showcasing the considerable influence of the hacker’s activities on the cryptocurrency market.

The ongoing movement of these stolen assets continues to reverberate through the market, reflecting the theft’s immense scale. Each transfer adds to the volatility, demonstrating the broader impact on digital assets and investor sentiment.

Legal and Corporate Response

In response to the July breach, which saw nearly $230 million stolen, Zettai, the Singapore-based parent company of WazirX, has sought legal protection. They have requested the High Court of Singapore for a temporary stay on some of their obligations. If granted, this would provide the company with the necessary time to restructure its liabilities and work towards compensating the affected users.