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Hackers Nab $5.4 Million From Crypto Exchange Eterbase

Hackers Nab $5.4 Million From Crypto Exchange Eterbase

Slovakian crypto exchange Eterbase reported a hacking incident wherein $5.4 million worth of crypto assets on its hot wallets were stolen by hackers, which they transferred to different wallet addresses.

According to the exchange, hackers were able to transfer the stolen cryptocurrencies to different assets such as BTC, ETH, XRP, XTC, TRX, and ALGO. The said security compromise happened on September 8.

Eterbase said via Telegram,

We have contacted all centralized exchanges that might be receiving these illicit funds…We have reported the matter to law enforcement and we are cooperating closely in the investigation.

The exchange is in maintenance as of the moment. They will continue with their operations once a security audit of global companies has been done. They also assured users that they have enough funds to “meet all [their] obligations,” and that this incident “won’t stop [their] journey.”

According to cybersecurity solutions platform Uppsala Security, some of the stolen assets were transferred into public wallets, such as the one maintained by decentralized exchange (DEX) Uniswap; non-custodial decentralized finance (DeFi) lending protocol Compound, and top exchange Binance.

Recent hacks may have inadvertently caused FUD to many cryptocurrency users, Recently, hackers also used Binance’s exchange to liquidate over $1 million which they extorted from crypto users using Ryuk ransomware attacks.

Meanwhile, the US Justice Department filed a civil forfeiture complaint against hackers whom it claims to be of North Korean citizenship. These hackers also stole millions of dollars’ worth of cryptocurrency.

Read More: Binance Exchange Plagued With $1M Ryuk Ransomware Hack Withdrawal

Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.