A hacker uses a clever trick to steal cryptocurrencies!!

Users of the Indian cryptocurrency exchange (WazirX) were hacked and funds were transferred using the Tornado Cash service. The Tornado Cash service allows cryptocurrency users to exchange tokens while hiding wallet addresses on various blockchains. Although the service itself is not suspicious, it is commonly used by crypto criminals to hide digital evidence.

According to data tracked by Arkham, the hacker transferred nearly $4 million in ether (ETH) via 16 transactions on the Ethereum network to the Tornado Cash router.

The stolen funds constitute more than 45% of the total reserves reported by the exchange in its June 2024 report.

Legal advisors for WazirX stated on Monday that customers are unlikely to recover their entire cryptocurrency funds, with the best-case scenario being a recovery of between 55% and 57% of the funds. #bitcoin #Binance #etherreum #hacker #tornado $BTC $ETH