April 24, 2024

20% more assets stolen from EXMO exchange than previously reported

20% more assets stolen from EXMO exchange than previously reported

The EXMO cryptocurrency exchange has revised the volume of assets lost as a result of the hack, increasing it by 20% from the initial estimate.

The trading platform froze withdrawals on Mondayfunds due to identified server security violations. Analysis of the logs showed that the attacker managed to gain access to some private keys, with the help of which he removed some of the bitcoins, ether, XRP, zcash, Ethereum classic and Tether from hot wallets.

The exchange initially said that the total losses amounted to about 5% of all assets. According to newthe company estimates that 20% more was stolen, that is, approximately 6% of the total inventory.

EXMO has reported the incident to the police and has alreadydetermined the address to which the lion's share of the stolen bitcoins was transferred (307 BTC for $ 7.2 million). The exchange also approached Poloniex with a request to block the account associated with this wallet.

The investigation showed that during the attackproduction servers were not affected and the attacker did not have access to the customer database or transaction information. The platform will compensate affected customers for losses and plans to resume the ability to withdraw funds in the coming days.

EXMO's losses are insignificant compared to the KuCoin exchange robbed in September, from which up to $200 million in cryptocurrency was stolen.

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