WazirX's $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs.

Hackers who stole $235 million from Indian crypto exchange WazirX have moved around $33 million to coin mixer Tornado Cash this week.

The attacker has transferred more than 42,500 ETH ($100 million) to Tornado Cash so far, according to the on-chain analytics platform Arkham.

In a new twist of events concerning the WazirX hack, the hackers have switched $32M worth of stolen Ether (ETH) through the Tornado Cash. Since Monday, $15,000 ETH has been shifted with three tranches of 5,000 ETH transferred over the past 4 days as per the Peckshield alerts.

Binance's rebuttal comes amid growing frustration over the stolen funds.

WazirX founder Nischal Shetty claimed earlier this month that the ultimate owner of the crypto exchange was Binance - a statement the latter has denied.

The hacker behind the WazirX breach recently funnelled $11 million through Tornado Cash, as the total laundered Ethereum reaches 20,000 ETH.

The WazirX exploiter continues to move thousands of the stolen assets across new wallets, with part of the latest batch laundered through crypto mixer Tornado Cash.

Global exchange Binance has addressed the “misleading” claims made by hacked trading platform WazirX, denying any involvement with the Indian exchange and demanding “accountability” from its team after the $235 million crypto heist.

Crypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx's management under Zanmai and Zettai, not Binance.

The world's leading cryptocurrency exchange by trading volume is distancing itself from a cyberattack that recently compromised the WazirX trading platform. In a statement released today, Binance said that it has never owned, controlled, or operated WazirX and that it was not involved in the compromised wallet, contrary to speculation.

The incident underscores the critical need for robust security measures and accountability in cryptocurrency exchanges to protect user funds. The post Binance urges WazirX to compensate users after $235M hack appeared first on Crypto Briefing.

"Their attempts to shift responsibility is a disappointing deflection tactic," Binance wrote in its blog post.

In response to accusations stemming from a devastating $235 million cyber-attack on the Indian crypto exchange WazirX, Binance publicly refuted any responsibility on September 17.

Binance claims it has no ownership of WazirX and urges the exchange to take responsibility for losses following the recent hack.

Binance has denied any relationship with Indian exchange WazirX, noting that it never owned or controlled the crypto platform, which recently lost over $230 million to a hack. In a statement published on its website today, Binance denounced WazirX co-founder Nischal Shetty's claims about the Indian exchange's affiliation with Binance.

Binance has distanced itself from the ongoing struggles of the Indian crypto exchange WazirX in a Sept. 17 statement.

Binance, despite previous ties to WazirX, denies any responsibility for compensating WazirX users.

Binance accused a director of WazirX's parent company of making “misleading statements” to the contrary on Tuesday.

Binance has clarified it ceased wallet services for WazirX in early 2023, rejecting allegations of any culpability in the platform's loss.

Binance urged the WazirX team to take accountability for the hack, and compensate users for the loss of funds.

Binance sets the record straight, distancing itself from WazirX's unfolding saga post-hack.

Binance has denied responsibility for the WazirX cyber-attack, stating it never controlled the platform or the compromised wallet.

WazirX, which was hacked on the 18th of July leading to the loss of $235 million belonging to users, affected a multi sig wallet used by WazirX and its custodian, Liminal.

Indian cryptocurrency exchange Wazirx has warned users that they may have to wait until the dispute with Binance is resolved if the moratorium, filed in Singapore, is not granted. Wazirx explained that Zettai holds the cryptocurrency tokens under protest. “If Binance is deemed the owner, it becomes liable for users' account balances.

The WazirX exploiter has laundered over $64 million via Tornado Cash, as allegations of insider involvement have surfaced. According to PeckShieldAlert, on Sep. 13 the WazirX hacker moved 5,000 ETH, roughly $11.

Crypto exchange WazirX, one of the most famous among Indian crypto exchanges, has reported crucial data on the current restructuring process via an email to its users. The email sheds light on the further action the team will be taking for the restructuring process.

Recently, WazirX suffered a major breach, resulting in the loss of $230 million in ETH tokens. Users are now raising suspicions of an inside job.

Inside job theories heat up as WazirX users expose troubling anomalies with July's $230M hack.

The WazirX hacker recently moved 5,000 ETH, worth around $11.7 million. The hacker's wallet currently holds $95 million in crypto.

The Shiba Inu price has risen by 1% in the past 24 hours, climbing to $0.00001336 after the WazirX hacker moved $23.3m in Ethereum this week.

The WazirX hacker has so far transferred about $23m in cryptocurrencies to Tornado Cash after the July breach that saw $234m stolen from the exchange.

The hacker responsible for the massive WazirX breach has resurfaced, moving 10,000 ETH through privacy protocols.

WazirX Hacker has once again come into the spotlight by moving a significant amount of Ethereum, totaling 10,000 ETH, valued at approximately $23.3 million. This latest activity occurred over a 24-hour period and involved transferring half of these funds to Tornado Cash.

The North Korean entity behind the WazirX breach transferred 10,000 stolen ETH to Tornado Cash in 24 hours to obscure the trail.

The Ethereum Foundation, a key organization designed to support the Ethereum network, has been active in offloading its Ether holdings. Recent data from Spotonchain revealed that the foundation resumed Ether sales this week, trading 450 ETH for $1.09 DAI on Monday.

The hacker group behind India's WazirX exploit is not stopping to launder stolen Ether (ETH) while investors hope to receive their funds back. In their latest move, the hacker moved 10,000 ETH (worth approximately $23 million) in the last 24 hours.

On September 9, an independent audit conducted by Grant Thornton found that the $230 million hack of the WazirX exchange in July 2024 did not originate from Liminal Custody's infrastructure.

Leading global auditor Grant Thornton has confirmed the security of Liminal's infrastructure following a comprehensive review conducted in response to WazirX's July 18 hack. The hack, which targeted WazirX's systems, prompted Liminal to launch an internal investigation and engage independent auditors to assess potential vulnerabilities within its own platform.

Grant Thornton's audit concludes Liminal Custody's infrastructure was not compromised in the WazirX breach.

Grant Thornton's review of Liminal's infrastructure revealed no signs of any security breach within its frontend or backend systems, according to Liminal. Following a breach at Wazirx that resulted in the theft of over $230 million, internal and third-party investigations at Liminal identified a data discrepancy, though no security vulnerability was uncovered.

An independent audit by Grant Thornton found no evidence that Liminal Custody's infrastructure was involved in the $230 million WazirX hack.

WazirX Hacker involved in a substantial breach of the WazirX cryptocurrency exchange in July, has moved 5000 ETH, valued at over $11 million, through Tornado Cash. This action has reignited concerns over the security measures of digital asset platforms and the methods used by crypto hackers.

The hacker, widely suspected to be an entity from North Korea, moved $6 million in stolen funds for the first time last week.

The hacker who plundered more than $230 million worth of crypto assets from the Indian exchange WazirX in July continues to launder their stolen Ethereum (ETH), according to the blockchain security firm PeckShield. PeckShield notes an address associated with the hacker transferred 5,000 ETH worth approximately $12 million to a new wallet on Thursday.

The hacker responsible for stealing over $235 million from the Indian crypto exchange WazirX has transferred around $10 million through sanctioned Tornado Cash in the past 24 hours, according to blockchain security firm Cyvers. In a Sept.

WazirX recently reopened partial withdrawal of INR accounts as it sought legal assistance in Singapore to facilitate proper restructuring.