Bitrue losses $4 Million USD in a hack attack

A Singapore based cryptocurrency exchange “Bitrue” announced a security breach to its platform saying at approximately 1am June 27 (GMT+8), a hacker exploited a vulnerability in Bitrue Risk Control team’s 2nd review process to access the personal funds of about 90 Bitrue users.

later, the same hacker accessed Bitrue’s hot wallet and moved 9.3 million XRP and 2.5 million ADA to different exchanges.

We will update you once we learn more regarding this hack.