One more time, criminal hackers have targeted a cryptocurrency exchange. This time, it’s a Slovakian crypto exchange ETERBASE that suffered the hack losing $5.4 million.
ETERBASE Crypto Hack
Reportedly, the cryptocurrency exchange ETERBASE has suffered a security breach that caused financial losses. The attackers targeted the exchange’s hot wallets to steal $5.4 million worth of crypto assets.
Based in the Slovak Republic, ETERBASE claims to be the first European regulation-compliant cryptocurrency exchange. As mentioned on their website, the exchange complies with the GDPR and AMLD4/AMLD5.
The news about the ETERBASE crypto hack surfaced online after the exchange posted about it on their Telegram channel.
Following the incident, the service announced on Twitter about the maintenance mode of the exchange.
Dear users, the exchange is currently in maintenance mode because our hot wallets were compromised last night:https://t.co/XWZZoWxLd0
Sorry for the inconvenience and please have some patience untill we solve the issue.
— ETERBASE (@ETERBASE) September 8, 2020
As elaborated in a notice on their website, the incident caused losses of six different assets from the exchange. These included Bitcoin, Ether, ALGO, Ripple, Tezos, and TRON.
Despite the losses, ETERBASE has assured continued operations in the future.
We want to inform our users that we have enough capital to meet all our obligations, and at the same time, we want to reassure everyone that this event won’t stop our journey!
Though, the exchange site still down for maintenance (until the time of writing this article).
Following the incident, ETERBASE involved the relevant law enforcement authorities as they go on with the investigations.
Also, they have contacted the relevant cryptocurrency exchanges where the stolen data may reach. In a recent tweet, they have named Binance, HitBTC, and HuobiGlobal.
#Eterbase will continue with operations!
Our investigation shows a big part of stollen funds ended up on @binance, @HuobiGlobal, and @hitbtc.
Your assistance will be appreciated.
Thank you!@cz_binance #compliant #EU #cryptocurrency #exchange #trading pic.twitter.com/VWzbqU26NZ
— ETERBASE (@ETERBASE) September 9, 2020
Binance has also acknowledged cooperation in response.
Our security team was on this quite early. Will do what we can to assist.
— CZ Binance (@cz_binance) September 10, 2020
For now, no further details are available. But the exchange will certainly keep the users updated via their Twitter account and articles on the website.
Earlier this year, the hackers targeted two different cryptocurrency platforms with the same strategy. The attacks caused a total loss of $25 million worth of crypto assets.
Let us know your thoughts in the comments.
Latest posts by Abeerah Hashim (see all)
- Largest Hacking Campaign Since 2015 Targeted Magento Stores Via Unpatched Bug - September 16, 2020
- Ransomware Attack Targets Equinix Data Center Provider - September 16, 2020
- Raccoon Attack Aims At Breaking TLS Encryption – Though Attack Is ‘Rare’ - September 16, 2020