The WazirX hacker has transferred $57 million worth of the stolen funds to two new cryptocurrency addresses in the latest onchain movement of the stolen funds.
The hacker has transferred 16,350 Ether (ETH) worth over $57 million to two new crypto wallets in the latest attempt to funnel the stolen assets.
The lion’s share, or over $54 million, was sent to address “0x58d” according to a July 22 X post by blockchain security firm PeckShield.
The unknown hacker stole over $230 million from WazirX, an Indian cryptocurrency exchange, in the second-largest cryptocurrency hack of 2024 so far. The onchain movement of the stolen funds could uncover key details about the hacker’s identity.
WazirX doubles bounty program
To help track the stolen funds, WazirX has launched two bounty programs for onchain investigators.
The first one, the track and freeze bounty, is offering up to $10,000 Tether USD (USDT) for those who can “provide actionable intelligence leading to the freezing of the stolen funds.”
The second one, the white hat recovery bounty, rewards ethical hackers with up to 10% of the amount they can help recover.
The white hat bounty’s upper limit was doubled to $23 million, according to a WazirX spokesperson, who told Cointelegraph:
"Bounty doubled to $23 million after community feedback."