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BitBrowser Attackers Sent Funds to Coin Mixer: Are They Gone?

Sun, 09/03/2023 - 09:52
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Arman Shirinyan
Go-to solution for airdrop farmers became main target of hackers, who successfully stole thousands of dollars and just finalized heist
BitBrowser Attackers Sent Funds to Coin Mixer: Are They Gone?
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SlowMist blockchain security firm was on the ball recently and caught a large BitBrowser hack-related transaction. Hackers moved a whopping 236.27 ETH into a coin mixer called eXch. That is close to $400,000, and it is most of the money stolen in the hack. BitBrowser is a popular solution for airdrop hunters; it recently had a surge in popularity, becoming the go-to target for hackers and scammers. Representatives of the browser had to come clean about their servers getting hacked.

To elaborate, the act of transferring these stolen cryptocurrencies to a coin mixer serves as a conclusive step in the illicit operation. Coin mixers function as anonymization services, blending various transactions to obfuscate the origins of the funds. Consequently, the likelihood of recovering the stolen assets is markedly diminished.

This incident serves as an imperative cautionary tale for individuals engaged in cryptocurrency activities. It is crucial to thoroughly review the security measures implemented by any crypto-related application or platform. Features such as multi-factor authentication should be considered non-negotiable.

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Additionally, it is strongly advised to avoid storing substantial amounts of cryptocurrency in online wallets with questionable security protocols. Utilizing cold storage wallets for larger holdings and ensuring software is up-to-date are also prudent measures to mitigate risk.

The BitBrowser incident appears to have reached its unfortunate conclusion. The individuals responsible have effectively concealed their actions, likely evading any form of restitution or justice. This episode underscores the importance of exercising rigorous security practices in the realm of cryptocurrency. The onus of safeguarding one's assets ultimately lies with the individual.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.