One of the well known European cryptocurrency exchange named "ETERBASE" was witnessed a serious hack on Monday night and resulted them lost their cryptocurrency from their hot wallets . This was the major hack in crypto industry in this year 2020.One of the bad crypto news in Bitcoin Industry as hacking becomes one of the minor crimes for these hackers.
The incident, which was disclosed on Thursday by Eterbase team, team said six of its crypto addresses, linked to bitcoin (BTC), ether (ETH)/ ERC-20 tokens, XRP, Tron (TRX), Tezos (XTZ), and Algorand (ALGO), have been suffered from this hack. Eterbase exchange donot reveal the exact amount lost during this un expected hack, but its around more than $5 million, according to The Block Research Team.
Hot wallets used to cryptocurrency accounts that are regularly actively connected to the internet and which ETERBASE was using to power their regular operations like inter- and intra-currency exchange operations.
Funds were stolen from six hot wallets, storing Bitcoin, Ether, ALGO, Ripple, Tezos, and TRON assets.
Furthermore, from today onwards all transactions on ETERBASE have been temporarily closed until September 10, but the Eterbase said it planned to resume the operations very soon and retrust the users that they had enough reserve funds to continue exhange operating smoothly.
SEPTEMBER 10, 2020
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