Indian cryptocurrency exchange WazirX has paused all trading activities following a massive $230 million hack.
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 $10,000 for information leading to the freezing of the assets.
Suspicions have fallen on North Korea’s notorious Lazarus Group, known for its complex cyber heists, making the recovery process particularly challenging.
WazirX Exploiter Moves Ethereum
Recent on-chain analysis has revealed that the WazirX exploiter is actively moving Ethereum ($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.
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.