Categories: ExchangesSecurity

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.

Sying Tien

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at sying.tien@thecoinspost.com and i will get back to you shortly.

Recent Posts

French Police Arrest Crypto Kidnappers After Finger Cutting

Paris, France – French police arrested several suspects this week tied to disturbing May… Read More

4 days ago

PayPal USD Plans to Use Stellar for New Use Cases

PayPal just announced big plans for its stablecoin. The company wants to bring PayPal USD… Read More

5 days ago

Binance Delists Four Major Cryptocurrencies: What You Need to Know

Binance, the world's largest cryptocurrency exchange has announced its plans to delist and pause trading… Read More

1 year ago

LocalMonero Announces 6-Month Shutdown Plan

LocalMonero, the peer-to-peer exchange platform for the privacy-focused cryptocurrency Monero (XMR), will be shutting down… Read More

1 year ago

Telecom Giant Vodafone Bringing Crypto to the Masses Via SIM Cards

The major telecom company Vodafone has unveiled an ambitious plan to integrate cryptocurrency wallets directly… Read More

1 year ago

No Evidence of Hack, Says Bitfinex CTO Amid Ransomware Gang’s Allegations

In the world of cybersecurity, claims of data breaches can cause significant concern and speculation.… Read More

1 year ago