Slovak crypto exchange Eterbase lost over $ 5 million as a result of hacker attack

Eterbase has disclosed the addresses of six of the attacked wallets, but some community members believe there could be more.

Eterbase, a cryptocurrency exchange registered in Slovakia, was subjected to a hacker attack, during which assets worth more than $ 5 million were stolen. The exchange writes in its Telegram channel that its hot wallets have been compromised.

The criminals hacked into cryptocurrency wallets that stored Bitcoin, XRP, Tron, Tezos, Algorand, as well as Ethereum and ERC-20 tokens. Analysts at The Block believe that the damage from the actions of attackers amounted to $ 5,323 million.

Eterbase has disclosed the addresses of six wallets, but the author of the Telegram channel Goldfoundinshit TM believes that there could be more of them. The blogger suggested that much larger damage could be done to the exchange in Bitcoin. He drew attention to another bitcoin wallet, presumably owned by Eterbase. Around the same time, transactions with a total volume of 152 BTC (more than $ 1.5 million at the current exchange rate) were initiated from it. Transactions from a wallet that presumably belongs to Eterbase.

Eterbase informed users that it had suspended its operations and contacted “all centralized exchanges” to which the stolen assets could have been sent. However, some community members believe that ETH and ERC-20 tokens, which accounted for most of the stolen assets, have been moved to the Uniswap decentralized exchange.

The site team also asked law enforcement for help and said it was working closely with the authorities to investigate the incident.

The Eterbase hack showed once again that the cryptocurrency industry has yet to address security issues. The digital asset market has been around for over a decade, but cryptocurrency exchanges and wallets continue to fall victim to hacker attacks, with several serious incidents reported in the last month alone.

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