WazirX Hacker Converts Stolen SHIB to $202M in ETH

  • Hacker completes sale of $100 million in SHIB tokens.
  • Retains $18 million in unsold altcoins.
  • Now holds 58,410 ETH worth $202 million.
  • Addresses for stolen assets identified.

The WazirX hack continues to unfold with the hacker successfully selling $100 million worth of SHIB tokens. Despite this massive liquidation, the hacker still possesses $18 million in unsold altcoins.

SEC

Following the sale of SHIB tokens, the hacker now holds a staggering 58,410 ETH, valued at approximately $202 million. This sum includes 15,298 ETH directly stolen from WazirX and an additional 43,112 ETH acquired through the sale of various altcoins. The hacker’s strategic moves in converting stolen assets highlight the evolving methods of cybercriminals in the crypto space.

Identified Addresses and Ongoing Investigations

Authorities and blockchain analysts have identified the addresses used in the transfer and storage of these stolen assets. This identification is a critical step in tracking the movements of the hacker and potentially recovering the stolen funds. The identified addresses serve as a crucial lead for ongoing investigations and efforts to enhance the security measures within the crypto ecosystem.

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