Indian cryptocurrency exchange WazirX has paused all trading activities following a massive $230 million hack.
Based on @zachxbt's feedback, we have increased the White Hat Recovery reward to 10%, i.e., up to $23 Million.
We invite white hat hackers, blockchain forensics experts, and cybersecurity professionals from around the world to join this critical mission and protect the integrity… https://t.co/WasoyJT5UX
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) July 21, 2024
In a bid to recover the stolen funds, the exchange is offering a reward of up to 10% of the hacked amount, which could amount to $23 million, and $10,000 for information leading to the freezing of the assets.
WazirX Halts Trading After $230M Hack: Recovery Bounty Announced
Indian crypto exchange WazirX paused trading following a $230 million exploit.
They're offering up to 10% of the hacked funds as a bounty for recovery and $10K for freezing the funds.
North Korea’s Lazarus Group… pic.twitter.com/GBMTaP75Tb
— IBC Group Official (@ibcgroupio) July 22, 2024
Suspicions have fallen on North Korea’s notorious Lazarus Group, known for its complex cyber heists, making the recovery process particularly challenging.
WazirX Exploiter Moves Ethereum
Recent on-chain analysis has revealed that the WazirX exploiter is actively moving Ethereum ($ETH). In the last 20 minutes alone, the hacker has transferred 16,345 $ETH, valued at $56.88 million, to two new wallets identified as “0x58d” and “0x668”. Currently, the exploiter holds approximately 43,962 $ETH, worth $153 million, spread across various wallets.
The #WazirX Exploiter is moving $ETH!
In the past 20 minutes, the exploiter moved 16,345 $ETH ($56.88M) to 2 new wallets, “0x58d” and “0x668”;
and has 43,962 $ETH ($153M) left across various wallets.
Besides, the exploiter still keeps selling the remaining assets, such as… https://t.co/47TdprnolZ pic.twitter.com/jrOFwXgENO
— Spot On Chain (@spotonchain) July 22, 2024
In addition to $ETH, the hacker continues to liquidate other assets, including $CTSI, $PUSH, $REEF, and $REN, converting them into more $ETH. This ongoing activity highlights the urgency for the crypto community to assist in tracking and recovering the stolen funds.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.