Crypto Exchange Cashaa Loses 336 Bitcoin Worth $3 Million to Hackers

Cryptocurrency exchange Cashaa says it has lost 336 bitcoin (worth around $3.1 million) to hackers. In a tweet on July 11, Cashaa claimed that the hacker attacked one of its Blockchain.com wallets, which is used to store bitcoin (BTC) and make transfers from the exchange.

The company, which also provides financial services to crypto businesses, stated that it had reported the hacker address to “all crypto exchanges” as part of efforts to prevent the alleged thief from using the money. “As of today, hackers are very confident to hack crypto addresses and move it through exchanges that are facilitating such laundering through their systems.

Timeline of Bitcoin