Home Cyber Security A European cryptocurrency exchange was targeted by the hackers to steal around...

A European cryptocurrency exchange was targeted by the hackers to steal around 5.4 million dollars

Kazakh hacker
Kazakh hacker

Cybercriminals and the hack of stealing cryptocurrency will not be stopping very soon. Since the start of the pandemic, we are seeing a lot of cybercriminals stealing cryptocurrency from different meanings. The recent victim of these crimes was a European cryptocurrency exchange called Eterbase. An official statement was issued by the European cryptocurrency exchange recently about the data breach which has happened. In the statement, it was clearly stated that they have experienced a massive breach on their network. Although, the company is saying that they have sufficient capital so that they can fill any damage caused by the attack. They also stated that they will ensure that no harm is caused to the clients.

The European cryptocurrency exchange offered information about the massive data breach to the customers through the official statement this week. In the statement, it was clearly stated that the attack was targeted to steal the cryptocurrencies from the exchange. They also disclosed that around 5.4 million dollars worth of cryptocurrencies has been breached from the network. The hackers have not been identified yet. They are still undertaking the investigation to know the group of hackers but currently, it is unknown. The cryptocurrency exchange has now switched its operations to maintenance mode. They will be continuing their operations in the maintenance mode until the security issue is resolved.

The European cryptocurrency exchange, Eterbase always used to describe itself as Europe’s Premier Digital Asset Exchange. The cryptocurrency exchange is based in Bratislava, Slovakia. The exchange was launched in the year 2019. A malicious threat was also undertaken which raided around 6 of the hot wallets of the company. The wallets included that of Bitcoin, Ethereum, XRP, Tezos, Algorand, and TRON. The funds from these wallets were transferred to the rival cryptocurrency firm. The news about the attack was reported on the telegram channel of the company.