/>
X

Slovak cryptocurrency exchange ETERBASE discloses $5.4 million hack

Bitcoin, Ether, ALGO, Ripple, Tezos, and TRON assets were stolen in the hack.
catalin-cimpanu.jpg
Written by Catalin Cimpanu, Contributor on
eterbase.png

ETERBASE, a Bratislava-based cryptocurrency exchange, disclosed this week a security breach. The exchange said hackers breached its internal network and stole cryptocurrency funds worth $5.4 million.

The incident, which was disclosed on Thursday, involved the theft of various cryptocurrencies from the company's hot wallets.

Hot wallets are cryptocurrency accounts that are actively connected to the internet and which ETERBASE was using to power its inter- and intra-currency exchange operations.

Funds were stolen from six hot wallets, storing Bitcoin, Ether, ALGO, Ripple, Tezos, and TRON assets.

In a series of messages posted on its Telegram channel, the company said it detected the attack but could not stop it from taking place.

Nonetheless, ETERBASE said it tracked the transactions as they left its wallets, and is currently tracing the stolen funds as they move around their respective blockchains.

ETERBASE has also already contacted exchanges where the stolen funds have landed and requested that its stolen assets are frozen.

Currently, all transactions on ETERBASE have been suspended until September 10, but the company said it planned to resume operations and reassured users that it had enough reserve funds to continue operating.

Law enforcement was also notified, the company added.

Cryptocurrency cyberattacks and breaches of 2019 (in pictures)

Related

ICE is tracking Bitcoin transactions, says The Intercept
Close up ethereum ripple litecoin bitcoin

ICE is tracking Bitcoin transactions, says The Intercept

Digital Assets
Apple's iOS 16 will give you an alternative to irritating CAPTCHA tests
Scrolling through iPhone

Apple's iOS 16 will give you an alternative to irritating CAPTCHA tests

Security
Phishing gang that stole millions by luring victims to fake bank websites is broken up by police
getty-hacker-hands-on-a-keyboard.jpg

Phishing gang that stole millions by luring victims to fake bank websites is broken up by police

Security