Elliptic said its on-chain analysis suggests hackers affiliated with North Korea conducted today’s high-profile exploit of WazirX.
Blockchain analytics firm Elliptic said in a report that on-chain analysis suggests hackers affiliated with North Korea conducted today’s high-profile exploit of WazirX, resulting in about $235 million in crypto being stolen.
"Elliptic has added the address associated with the thief to our system, ensuring that our clients will be alerted if they receive any of these funds," it added. Following the exploit, the stolen funds were transferred to a new address through a transaction funded by Tornado Cash. The exploiters began conducting swaps of stolen assets for ether using various decentralized services. Elliptic notes that these actions are typical of money laundering efforts and attempts to obfuscate activity, consistent with behavior demonstrated by North Korean hackers in previous incidents.
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