WazirX Exchange Exploit Hacker Sells Stolen Assets, Causing Price Changes in UNI, LINK, SAND, and PUSH

A recent report has revealed that the hacker behind the WazirX exchange exploit has sold a large portion of the stolen assets, causing notable price changes in several cryptocurrencies.

A recent report has shed light on the activities of the hacker responsible for the WazirX exchange exploit, revealing that they have been selling off a substantial portion of the stolen assets, leading to noticeable price changes in several cryptocurrencies.

According to a tweet by blockchain analytics firm Nansen, the suspected North Korean hacking group has emerged as the largest seller of multiple tokens on Uniswap.

Over the past week, the hacker has sold $859,514 worth of Uniswap (UNI) tokens, $2.77 million of Chainlink (LINK), and $1.6 million of The Sandbox (SAND).

“@WazirXIndia exploiter top seller of UNI 👀,” stated Nansen in the tweet, accompanied by a screenshot of the売上が立つ seller analysis.

Following these significant sell-offs, all three tokens experienced a noticeable decline. As reported by CoinMarketCap, LINK is currently trading at $14.16, down 1.56% over the last seven-day period. SAND is trading at $0.3371, recording a 0.4% loss over the same timeframe. UNI is trading at $7.91, having encountered a 7% decline during this period.

The most drastic impact was observed in Push Protocol (PUSH), a token with a low market capitalization of $6 million. The hacker sold $529,167 worth of PUSH tokens in a single day, causing the token's price to drop by 39% in 24 hours, reaching a low of $0.08022 before partially recovering to $0.1071.

According to Nansen, approximately $5 million in funds still remain in the hacker's wallet, primarily in Celer Network (CELR), Ooki (OOKI), and Frontier (FRONT) tokens.

In response to the security breach, WazirX has announced a bounty program to facilitate the recovery of the stolen funds and gather information on the attackers. The program, which will span three months, offers rewards of up to $23 million for successful recovery efforts.

WazirX CEO Nischal Shetty has stated that the exchange is actively collaborating with over 500 cryptocurrency platforms to block addresses associated with the stolen funds.

"We are working with 500+ crypto exchanges and platforms to block addresses associated with the stolen funds from WazirX. Any movement of these funds will be closely monitored by the exchange and the authorities," Shetty said in a recent statement.

The exchange has also launched a new feature that allows users to track the movement of stolen funds, further enhancing the efforts to recover the lost assets and identify the parties involved in handling these funds.

"We have also added a feature on the exchange where users can track the movement of stolen funds. This will help us identify any parties who are involved in handling these funds," Shetty added.

As the authorities and cryptocurrency platforms continue their investigations and تلاش to recover the stolen funds, any updates or developments will be closely monitored and reported on by the relevant parties.