Main page » Crypto News » $23 Million Worth of Crypto Compromised as Bitrue Exchange Gets Hacked
Crypto News

$23 Million Worth of Crypto Compromised as Bitrue Exchange Gets Hacked

$23 Million Worth of Crypto Compromised as Bitrue Exchange Gets Hacked

Cryptocurrency exchange Bitrue experienced exploitation today, resulting in the withdrawal of approximately $23 million worth of cryptocurrency.

The official confirmation of the exploit was made.

    • In a Twitter thread today, Bitrue confirmed that one of their hot wallets suffered a “brief exploit.”
  • The team reportedly prevented any further damage from occurring.
  • According to the announcement:

The attackers were able to withdraw assets worth approximately 23M USD in ETH, QNT, GALA, SHIB, HOT, and MATIC. The affected hot wallet only holds less than 5% of our overall funds. The rest of our wallets remain secure and have not been compromised.

  • The reason for the exploit is unknown, whether it was due to a technical error or social engineering.
  • The exchange has suspended withdrawals until April 18th “to conduct additional security checks.”