$386M on Move as BitBrowser Hacker Transfers Fund to Crypto Mixer

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BitBrowser Hacker Transfers Fund to Crypto Mixer
  • Hackers transferred 70.6% of the stolen BitBrowser funds to crypto mixer eXch.
  • Previously, the hacker moved funds to exchanges, including Binance.
  • The scammer also sent $110,000 to multiple blockchain networks.

In a recent tweet, renowned Chinese reporter Colin Wu updated the crypto community regarding one of the high-profile crypto hacks in August. Wu cited SlowMist, a prominent blockchain security firm that has closely monitored the situation. The hack particularly concerned BitBrowser, a platform frequently utilized by airdrop enthusiasts.

Specifically, Wu reported that the attackers responsible for the breach of BitBrowser had transferred 236.27 Ethereum tokens to a crypto mixer known as eXch. The moved funds are equivalent to approximately $386,000. The transfer accounts for a staggering 70.6% of the total stolen funds.

Notably, the aim of moving the funds to a crypto mixer is to obfuscate the traces of the funds so the hackers can ultimately sell them on centralized exchanges.

Meanwhile, it is worth noting that BitBrowser had previously issued an official statement acknowledging a security breach. In their notice, the platform disclosed that the data cached on BitBrowser’s servers had been compromised.

On Friday, the SlowMist team disclosed that the hacker moved $110,000 of the stolen funds to new addresses of multiple blockchain networks. It included networks of Ethereum, zkSync Era, Arbitrum, and Optimism.

As of August 29, the blockchain security team captured that the hacker had moved over $10,000 to Binance, ChangeNow, and FixedFloat crypto exchanges. In a later update, the SlowMist team mentioned that the scammer sent a paltry sum to the embattled crypto mixer Tornado Cash.

As Coin Edition reported, on August 26, the US government charged the founders of Tornado Cash. The government alleged that the founders contributed to building a platform fraudsters use to obfuscate traces of stolen funds.