Slovakia based cryptocurrency exchange Eterbase fell victim to a hacking attack according to their own Twitter account. Cryptocurrencies worth an approximate $5 Million were allegedly stolen from the hot wallets.
Dear users, the exchange is currently in maintenance mode because our hot wallets were compromised last night:https://t.co/XWZZoWxLd0September 8, 2020
Sorry for the inconvenience and please have some patience untill we solve the issue.
In another tweet, Eterbase announced that they’re closely cooperating with law enforcement forces to solve the case. The exchange further promised to do everything in its power to make sure the customer’s funds aren’t affected by the security breach.
Eterbase announced over Twitter that six of its addresses where affecte by the hack. The addresses are tied to Bitcoin (BTC), Ethereum (ETH/ERC-20 tokens), XRP, Tron (TRX), Tezos (XTZ) and Algorand (ALGO).
The $5 Million number doesn’t come from Eterbase’s Twitter account itself, but from the research of online news site The Block, which inspected the addresses on their blockchains.
The crypto exchange is currently in maintenance mode following the incident. Eterbase contacted other exchanges to make sure the hackers can’t simply move their stolen crypto and trade it elsewhere.
Eterbase advertises itself as being the first crypto exchange fully compliant with European regulations. The exchange went online on the 31st of May 2019 and has existed for a bit over a year. According to CoinMarketCap. the exchange boasts a daily trading volume of $2 Million.
It is unclear if Eterbase will be able to reclaim its users funds, or if it’s insured. It would remain to be seen if the exchange can survive this should this not be the case.
Instant Crypto Credit Lines™ from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.
Trading Bitcoin is too complicated?
We highly recommend our Crypto-Starter-Kit to you!
Follow us on Social Media and subscribe to our free crypto newsletter!
Diskutiere mit uns!
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
More from Cryptocurrency Exchanges
Crypto exchange Kraken announced in a blog post today that the US State of Wyoming has approved their application to …