Hackers Stole Over 4 Million Dollars from Bitrue
Bitrue officials said the hacker was able to find a vulnerability in the platform’s risk control system last night. This helped him get access to approximately 90 accounts of traders of the exchange. As a result, he brought to other trading platforms about 9.3 million XRP (about $4 million), as well as about 2.5 million ADA (about $230 thousand).
The hacker used what they learned from this breach to then access the Bitrue hot wallet and move 9.3 million XRP and 2.5 million ADA to different exchanges.— Bitrue (@BitrueOfficial) 27 июня 2019 г.
Later, representatives of Bitrue said that this attack was identified and neutralized in the shortest possible time. In addition, they expressed their gratitude to other exchanges, which identified and frozen assets of intruders.
Dear Bitrue Users,First of all, please let us assure you that this situation is under control, 100% of lost funds will be returned to users, and we are reviewing our security measures and policies to ensure this does not happen again. — Bitrue (@BitrueOfficial) 27 июня 2019 г.
For the aforementioned reasons, the exchange specialists started the maintenance of the site and went offline.
The attack was soon detected, and activity was temporarily suspended on Bitrue. We alerted the receiving exchanges about the situation, and wish to extend our thanks to @HuobiGlobal, @BittrexExchange and @ChangeNOW_io for their help in freezing the affected funds and accounts.— Bitrue (@BitrueOfficial) 27 июня 2019 г.
Bitrue representatives also said that they were already working with law enforcement agencies and had promised that they would soon renew trading operations.
Please note that at the time, due to uncertainty about the current situation, we stated that the exchange was going down for some unplanned maintenance. We apologize for this miscommunication with our users.— Bitrue (@BitrueOfficial) 27 июня 2019 г.
According to CoinMarketCap, this site is ranked 78th in the world in terms of the trading volume. Bitrue is notable for the fact that its underlying asset is the XRP token. We want to remind: https://thecoinshark.net/hackers-stole-9-7-million-in-xrp-cryptocurrency-from-gatehub-users/
We have also contacted the relevant authorities in Singapore to assist us in tracking down the culprit and retrieving the stolen funds. We will update everyone when we have more news to share.— Bitrue (@BitrueOfficial) 27 июня 2019 г.