Fri. Jan 31st, 2020



Another Stock Market Attack News! – Bitrue

2 min read
Another Stock Market Attack News

Singapore’s Bitrue stock market was attacked.

The Singapore-based cryptocurrency exchange, Bitrue, said in an official statement on June 26th that the stock exchange suffered a major attack, which caused it to lose 9.3 million XRP and 2.5 million Cardano (ADA) from its hot purses.

Size of Attack

According to the Cointelegraph, an attack on the stock market took place at around 1 am local time. According to Coinmarketcap data at the time of the attack, the value of stolen XRPs was around $ 4.5 million, while the ADA was worth around $ 237.500.

According to the stock market, the attack was carried out by a single hacker. The hacker first exploited a vulnerability in the second review process of the Risk Control team and accessed personal funds for approximately 90 Bitrue users. Took advantage of his first experience to access the stock market’s hot purses.

On the other hand, according to the stock market, the attack was spotted in a very short time and the attacker’s operations were stopped immediately.

Following the Attack

In the statements he made following the stock market attack, he said that his users do not need to be afraid and that “their personal funds are protected by insurance”. R The funds of all users affected by this attack will be repaid as soon as possible, Bitrue later explained.

Currently, the Bitrue stock exchange is conducting a quick emergency check and aims to return to its original state in a short time. According to the announcement, withdrawals will remain closed for a while, but the login and trading activities will be opened as soon as possible.

At the same time, the stock market announced that they were in contact with Singapore officials to identify the attacker.

The cryptocurrency world is no stranger to this type of attack. Finally, on May 7, 7,000 Bitcoins were stolen from the Binance stock exchange. Binance was perhaps the first stock market to display the right attitude in the face of such an attack, preventing its users from getting into trouble.

7 May: Binance was hacked

Binance, one of the largest cryptocurrency exchanges in the world, according to the announcement published by the TSI around 2:33, the stock market was attacked by hackers on May 7 and 7,000 Bitcoin was stolen.

Withdrawals and Deposits Suspended

Binance said that a security assessment would take up to a week, while withdrawals and deposits were suspended temporarily. Hackers may still have certain accounts in the Binance statement, said the withdrawal of withdrawals will reduce the potential damage to the market was emphasized.

According to the first information, a total of 7,000 Bitcoin was withdrawn from the stock market by hackers. Binance stressed that this is the only transaction that covers only the BTCs in their hot wallets. It was comforting news that stolen BTCs accounted for 2% of Binance’s total BTC.

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