20% more assets stolen from EXMO exchange than previously reported

20% more assets stolen from EXMO exchange than previously reported

EXMO cryptocurrency exchange has revised the volume of assets lost as a result of hacking, increasing it by 20% from the initial estimate.

On Monday, the trading platform froze withdrawals due to identified server security breaches. Analysis of the logs showed that the attacker managed to gain access to some private keys, with the help of which he removed some of the bitcoins, ether, XRP, zcash, Ethereum classic and Tether from hot wallets..

Initially, the exchange said that the total losses amounted to about 5% of all assets. According to new company estimates, 20% more was stolen, that is, approximately 6% of the total inventory..

EXMO reported the incident to the police and has already identified the address to which the lion’s share of the stolen bitcoins was transferred (307 BTC for $ 7.2 million). The exchange also approached Poloniex with a request to block the account associated with this wallet..

20% more assets stolen from EXMO exchange than previously reported

Investigation revealed that production servers were not damaged during the attack and the attacker did not have access to the customer database or transaction information. The platform will reimburse affected customers for losses and plans to resume the ability to withdraw funds in the coming days.

EXMO’s losses are insignificant compared to the KuCoin exchange robbed in September, from which up to $ 200 million was stolen in cryptocurrency.

text: Ivan Malichenko, photo: Shutterstock

20% more assets stolen from EXMO exchange than previously reported

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