February 25, 2021

Exmo Lost Over $ 10 Million Due To Hack

Exmo Lost Over $ 10 Million Due To Hack

EXMO cryptocurrency exchange suffered a 6% loss of its clients' total capital on Monday.

Stock exchange EXMO has provided an updatedinformation about the last hack that forced her to suspend the withdrawal. According to the statement, the hackers stole almost 6% of her total assets, and they even had access to some of the private keys. The platform intends to resume withdrawals and deposits from December 24th.

“The amounts stolen as a result of burglary make up about 6% of the total assets of the company. We do not think that this can have any effect on the basis of EXMO's continuing operations. "

EXMO initially estimated a loss of 5% of total assets. However, after analyzing the logs of the affected servers, the company increased its total loss.

Exmo Lost Over $ 10 Million Due To Hack

EXMO reported that hackers were withdrawing from the platformsix coins: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Tether (USDT) and Ethereum Classic (ETC). The exchange is making every effort to track and recover funds.

The company works with CipherTrace, Chainalysis, and Crystal to track down hacker addresses. These funds will be flagged as criminal and high-risk, making it difficult for an attacker to sell them.

To date, EXMO has tracked some of the stolenfunds (XRP and ETH) to the Poloniex exchange and contacted their support team to deactivate the linked account. Most of the stolen bitcoins were sent to an address with 306.99 BTC.

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