WazirX Exploiter Moves $12M in ETH

@PeckShieldAlert has issued a security alert regarding a
notable movement of 5,000 Ether (ETH), valued at
approximately $12 million. According to their observations, a
WazirX exploiter-labeled address has transferred this substantial batch of Ethereum to a new intermediary address, identified as 0x46b9...0A0a. 5

This transfer marks the seventh batch of assets moved by the
designated exploiter. Following the move, the funds are reportedly being laundered using TornadoCash, a privacy-focused cryptocurrency service.

The incident prompts renewed discussions about the effectiveness of
crypto security measures and public scrutiny over the use of privacy-enhancing tools like TornadoCash in illegal activities.

Stakeholders in the cryptocurrency exchange community are urged to
heighten due diligence and monitoring activities in light of such
breaches. Incidents like these highlight the ongoing
challenges posed by cybercriminals within the decentralized ecosystem.