WazirX Hacker Moves 2600 Ethereum to Tornado Cash After $234M Hack
Security Breaches: The WazirX Hack Overview
The breach at WazirX involved a staggering $234 million, where a hacker moved 2600.1 Ethereum worth $6.5 million to Tornado Cash. This movement of cryptocurrency post-hack highlights critical security vulnerabilities in exchanges.
What Is Tornado Cash?
Tornado Cash is a decentralized protocol allowing users to obfuscate Ethereum transactions. This makes tracking funds difficult, raising alarms about the potential for laundering.
Market Reaction & Implications
This incident could heighten scrutiny on cryptocurrency exchanges and their security measures. Increased regulatory measures may follow as stakeholders demand better protections.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.