More than $230 million worth of assets have been abnormally transferred from the WazirX wallet to the wallet address “0x04b2”.
The suspicious address has already begun dumping these assets, including 640.27 billion PEPE tokens valued at approximately $7.6 million.
Cyvers monitoring system has detected multiple suspicious transactions involving the Safe Multisig wallet on the Ethereum network.
In total, $234.9 million of funds have been moved to a new address, with each transaction’s caller funded by TornadoCash, a privacy-focused Ethereum mixing service, according to lookonchain.
The suspicious address has been actively swapping various digital assets. It has already converted PEPE, GALA, and USDT to ETH and continues to swap other cryptocurrencies.
Cyvers Alerts is closely monitoring the situation and advises all users and stakeholders to remain vigilant and take necessary precautions to secure their assets. Further updates will be provided as the investigation continues.
