According to the reports by Spot On Chain, the leading on-chain insights platform, more than 16,345 ETH have been moved to two new wallets just today. The total stolen amount by WazirX exploiter has risen to $230 million.
WazirX’s multisig wallets were exposed to a cyberattack on July 18th, which resulted in the theft of $230 million. According to various experts, this hacker named “WazirX exploiter” can be the cybercriminal group Lazarus.
WazirX stated in a statement that the hacker may have stolen the funds by taking advantage of a difference between the data displayed on Liminal’s interface and the contents of the transaction.
$PEPE (Pepe), $GALA (Gala), and $USDT (Tether) have all been converted into $ETH (Ethereum) by the suspicious address, and it is continuing to convert other digital assets.
As a result of this exploit, the cryptocurrency exchange WazirX has paused deposits, withdraws, and trading across its entire platform to cope with the fallout from the exploit.
WazirX’s Bounty Program
WazirX has stated that it will be establishing a bounty program to get assistance with tracing and freezing or returning the assets. The company has extended an invitation to individuals who are knowledgeable in blockchain technology and cybersecurity to “join this critical mission and protect the integrity of the cryptocurrency ecosystem.”
The company had initially provided a reward of five percent of the recovered funds as an incentive for assisting in their full return; however, after receiving feedback from blockchain detective ZachXBT, the reward was subsequently increased to ten percent.
Additionally, the company is providing “up to $10,000 worth of USDT” in exchange for “actionable intelligence that leads to the freezing of the funds.”
According to ZachXBT, “There is no use in offering a $10 million prize if the person or organization in question is Lazarus Group since they are not going to simply hand over the money or be discovered and held legally accountable. 5% is lower than the industry standard of 10%+.”
That’s it for now, we’ll continue updating if anything new comes up.
