North Korean hackers stole $235 million worth of cryptocurrencies from WazirX

Blockchain analysis firm Elliptic reports that hackers linked to North Korea have launched a cyberattack on WazirX, one of the largest cryptocurrency exchanges in India. As a result of this attack, $235 million worth of cryptocurrencies were stolen, The Block writes.

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.

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.

North Korean hackers are responsible for many of the most high-profile attacks in the crypto industry. They have been known to respond to job postings, infiltrate American cryptocurrency companies, and use social engineering techniques.