NEWS

Crypto exchange EXMO was hacked and lost approximately USD 10.5 million in funds

According to foreign media reports, EXMO, one of the most popular crypto exchanges in Ukraine and Russia, was .

Crypto exchange EXMO was hacked and lost approximately USD 10.5 million in funds

The exchange said on Monday that hackers had withdrawn about 5% of assets from EXMO’s “hot wallet”, but did not disclose the specific amount of loss. Research analysts estimate that the funds are worth approximately $10.5 million.

The exchange provides a list of the types of stolen and their addresses, including 6 currencies including Bitcoin (BTC), Ethereum (ETH), Ripple (), and Zcash (ZEC). EXMO stated that the company is still investigating the incident and requires other exchanges to block all accounts related to the affected wallets. The exchange further stated that the exchange will cover users affected by the incident.

EXMO continued to state that its cold wallets, or offline wallets, are , while hot wallets are online wallets connected to the Internet. At the same time, the exchange has stopped all deposits and withdrawals. Said they had reported the hacking incident to the London police. EXMO will “conduct a thorough security review, including all parts of our systems and .”

Comments

TRENDING POSTS ⚡⚡

To Top