March 28, 2024

Hackers stole $23 million worth of crypto assets from the Bitrue exchange

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Hackers stole $23 million worth of crypto assets from the Bitrue exchange

Technical support for the Bitrue cryptocurrency exchange reported a hacker attack, during which the attackers managed to withdraw crypto assets totaling about $23 million.

On Friday, April 14, specialistsBitrue security has discovered a vulnerability in one of the trading platform’s hot wallets. Hackers were able to steal the crypto assets ETH, QNT, GALA, SHIB, HOT and MATIC. Exchange employees assured that the hacked hot wallet contained less than 5% of all funds on the platform. The remaining wallets remain safe and have not been compromised.

It is not yet known whether this attack was carried outdue to technical errors or using social engineering methods. Bitrue specialists are investigating the situation and conducting additional security checks. Bitrue is suspending all withdrawals until April 18, 2023.

All identified usersThose affected by the hack will receive full compensation for their losses, the exchange management promised. Let us remind you that in 2019 the Bitrue platform was already hacked. At that time, hackers were able to steal 9.3 million XRP and 2.5 million ADA.

According to PeckShield analysts, in March, attackers stole $211.5 million worth of cryptocurrencies and $10.9 million worth of NFTs, and in just the first months of the year, about $255.8 million were stolen.