Elliptic guarantees that if one of its clients receives stolen cryptocurrency, they will be informed by the company.
The hack occurred earlier on July 18, 2024, and was confirmed by the exchange in a message on the social platform X. The data in the chain shows that more than 200 different crypto assets were stolen, including about $96.7 million in Shiba Inu, $52.6 million in Ether, $11 million in MATIC, and $7.6 million in Pepe coin.
📢 Update: We're aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused. Thank you for your patience and understanding.…
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) July 18, 2024
After the hack, the stolen money was transferred to a new address through the Tornado Cash mixer. The attackers began exchanging the stolen assets for Ether using various decentralized services. Elliptic notes that these actions are typical of laundering stolen assets, which is consistent with the behavior demonstrated by North Korean hackers in previous incidents.