The hackers responsible for the recent WazirX hack have continued their efforts to launder the stolen funds. According to blockchain security firm PeckShield, an additional 5,000 ETH (approximately $11.7 million) was transferred to the privacy protocol Tornado Cash in July.
Tornado Cash is a popular privacy mixer that allows users to hide the origin and destination of their transactions. By using this platform, the hackers are making it more difficult to trace the stolen funds. This latest transfer comes amidst WazirX’s ongoing restructuring efforts following the major hack in July.
In an email to users, WazirX provided a critical update on the restructuring process. The platform detailed upcoming events, including a session on the Moratorium Application scheduled for September 25, 2024, at 8:00 IST. The hearing will be conducted via Zoom, and creditors are encouraged to register and confirm their participation through the WazirX application.
While the Singapore High Court is yet to issue a ruling on the cramdown proposal, WazirX has released a new poll for creditors to vote on the restructuring plan. The poll asks creditors to confirm the date they received a copy of the Moratorium Application and to indicate whether they support, oppose, or have no objection to the plan. WazirX emphasizes that creditor participation significantly impacts the court’s decision-making. The survey will be available until September 21, 2024.
Also Read: WazirX Hack – $230M Stolen, Hacker Launders $23M In ETH As Blame Game With Liminal Heats Up
In addition to the poll, WazirX will hold a second town hall meeting on September 16th to provide a detailed explanation of the draft restructuring proposal. Creditors will have the opportunity to ask questions, which can be submitted beforehand through a Google Form. The event will be streamed on YouTube, and creditors can participate in a live Q&A session.
WazirX has reiterated that all user crypto and fiat balances remain secure. The exchange emphasizes that the ongoing restructuring process aims to achieve a fair legal solution for all parties involved.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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