A cryptocurrency exchange in Slovakia lost $5.4 million in a hack

A cryptocurrency exchange in Slovakia lost $5.4 million in a hack
September 11
07:56 2020

Slovakia-based cryptocurrency exchange Eterbase experienced a cyberattack, as a result of which it lost $5.4 million in different cryptocurrencies, Info Security reports. The source says hackers got access to hot wallets managing six cryptocurrencies on the exchange. These include Bitcoin, Ripple, Ether, TRON, Tezos, and Algorand cryptocurrencies.

Coin Desk says that the company used its Telegram channel to share the addresses of the compromised wallets. On its website, Eterbase has published an announcement about the incident. The company wrote that they already informed law enforcement organizations and that the exchange has enough capital to reimburse the users. At the moment, users cannot access the exchange. However, the announcement says that it will resume its operations after a security audit.

Eterbase is a cryptocurrency exchange that operates since May 2019 and focuses on the integration of crypto to SEPA. It provides various solutions for investors and traders. The exchange currently ranks 292 on Coin Market Cap, with a trading volume of almost $2 million in 24 hours.

Cryptocurrency hacks happen more frequently on social media, since the start of the COVID-19 pandemic. However, cryptocurrency companies become victims as well. For instance, recently, 2gether, a cryptocurrency platform, lost about $1.2 million to hackers and admitted struggling to reimburse its users.

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