Update from Nansen: the WazirX hacker moves the stolen assets

According to the latest update from Nansen on Twitter, the thief who recently compromised the WazirX platform is actively moving the stolen assets.

In the last few hours, the hacker has transferred 21.16 billion $BOB tokens, worth about $800,000, in addition to several other small holdings that have been sold.

In addition, another 6.7 million $CHR tokens, equivalent to $1.6 million, were sent to a separate address and sold a few minutes ago. This happens after the attacker had already dumped various assets three hours earlier.

The combined proceeds from these sales amount to 2.501 ETH, equivalent to $8.7 million, which have been transferred to this new address: 0x668399.

The details of the transfers of stolen assets to WazirX: Nansen

The activity of the thief has been frenetic. Over the past few hours, several significant movements have been observed. Among these, the transfer of a large quantity of $BOB and $CHR tokens has sparked particular interest. The combined value of these assets represents a considerable sum, which the thief seems to be trying to liquidate as quickly as possible.

Nansen has noted that, despite the large quantities of assets already moved, the attacker’s original address still holds $5 million in various cryptocurrencies. The main holdings include 78 million $CELR ($1.16 million), 556 million $OOKI ($940,000), and 958,000 $FRONT ($914,000). Given the attacker’s activity today, it is possible that these assets will also be sold in the coming hours.

The incident highlights once again the vulnerability of cryptocurrency platforms to cyberattacks. Despite the security measures in place, thieves continuously find new ways to compromise systems and steal funds. Analysts at Nansen are closely monitoring the situation, trying to trace the movements of the stolen funds and identify any other addresses linked to the attacker.

This episode serves as a warning for all cryptocurrency exchange platforms, which must remain vigilant and continuously update their security measures to prevent future attacks. Collaboration between exchange platforms, blockchain analysts, and authorities is essential to effectively respond to these threats.

Reactions of the Community

The cryptocurrency community has reacted with concern to the latest update from Nansen. Many users have expressed frustration at the apparent impunity with which cryptocurrency thieves are able to operate. However, there are also optimistic voices that see these situations as an opportunity to further strengthen security measures and the resilience of the sector.

Some experts suggest that platforms should invest more in intrusion detection technologies and real-time monitoring systems to quickly identify suspicious activities. Additionally, the importance of educating users on best security practices to protect their funds is emphasized.

Conclusions

The theft on WazirX and the subsequent movements of stolen funds reported by Nansen highlight the ongoing challenges that the cryptocurrency sector must face in terms of security. As the industry continues to grow and evolve, it is imperative that exchange platforms and users adopt increasingly sophisticated measures to protect themselves from threats.

The recent developments demonstrate that, despite technological advancements, security remains a primary concern. The cryptocurrency community must stay united and collaborate to strengthen defenses against thieves and ensure the security and trust in the system.