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$ 5 million was stolen from the hot wallets of a European crypto exchange

September 9, 2020

The cryptocurrency exchange, Eterbase was recently the victim of a hot wallet hack. According to a Declaration made by sharing in the Slovak Republic, On August 8, the hackers managed to pull around 5.4 million US dollars from the coffers of the exchange. Soon after, Eterbase assured users that the authorities had already been informed of the unfortunate incident.

The company also said it had contacted all of the major exchanges that may receive the coins at some point, likely in hopes of recovering some of the stolen funds. The exchange did not specifically reveal which companies had been contacted or how the attack was conducted as a result of them “ongoing research” on the subject.

In an update provided via your Twitter account, Eterbase stated that they have “sufficient capital” to meet all of their obligations to users. continuing:

“We want to assure our customers that we will take all necessary steps to ensure that their deposit amount is not damaged by a hacker attack.”

$ 5 million was stolen from the hot wallets of a European crypto exchange$ 5 million was stolen from the hot wallets of a European crypto exchange

At the time of this story’s publication The exchange continues to do internal maintenance even though the website is online and all of their services appear to be working.

August 9th Jean-Philippe Aumasson, Co-founder of the technology company Cryptocurrency Exchange Taurus Group, and Omer Shlomovits, Co-founder of Mobile Wallet ZenGo, The attacks against the exchange of cryptocurrencies have been divided into three categories: internal attacks, attacks that exploit the relationship between an exchange and its customers, and the extraction of secret keys by parties.

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