A recent tweet by Chinese journalist Colin Wu provided an update on a significant crypto hack that took place in August. The hack targeted BitBrowser, a platform frequently used by cryptocurrency enthusiasts who participate in airdrops. The perpetrators of the breach transferred 236.27 Ethereum tokens, worth approximately $386,000, to a crypto mixer named eXch in order to conceal the origins of the funds. The blockchain security firm SlowMist has been closely monitoring the situation and revealed that the hacker had transferred $110,000 from the stolen funds to new addresses across various blockchain networks. On August 29, the team detected that the hacker had transferred more than $10,000 to cryptocurrency exchanges, specifically Binance, ChangeNow, and FixedFloat.BitBrowser had previously released an official statement confirming the security breach, revealing that the information stored on BitBrowser’s servers had been exposed. Cybersecurity expert Abeerah Hashim commented on the matter, emphasizing the need for vigilance and collaboration among security experts and the crypto community.A blockchain security company, Certik, reported that the cryptocurrency sector had suffered losses of roughly $1 billion in 2023 due to hacks and security breaches. In August alone, the industry witnessed losses of $45.8 million attributed to various criminal activities. CertiK also highlighted a number of other significant incidents that incurred substantial financial losses. Although the losses in August remain significant, they are considerably less than those witnessed in the previous month.

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Information	Details
Geography	Asia
Countries
Sentiment	negative
Relevance Score	8
People	Certik, Abeerah Hashim, Zunami Protocol, Colin Wu, Exactly Protocol
Companies	BitBrowser, Certik, ExtremeVPN, ChangeNow, SlowMist, Zunami Protocol, Binance, FixedFloat, Exactly Protocol, PEPE
Currencies	Optimism, SpaceFi, Arbitrum, Ethereum, Bitcoin
Securities	None