Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
A cryptocurrency exchange with about 2 million users worldwide announced that it has âsuffered a serious cyber attack.â A number of basic services are paralyzed and the attacker tried to access the exchangeâs wallets. Consequently, the platform has shut down, stating that it needs to perform a âcomprehensive inspectionâ which is expected to last one to two weeks.
Hotbit Says It âSuffered a Serious Cyber Attackâ
Crypto exchange Hotbit announced Friday:
Hotbit just suffered a serious cyber attack starting around 08:00 PM UTC, April 29,2021, which led to the paralyzation of a number of some basic services.
The announcement adds that âthe attackers also tried to hack into Hotbitâs wallets,â but the exchange claims that âthe attempt was identified and stopped by our risk control system.â
The exchange says that it is âabout to exceed 2 million registered users and has a huge service system architecture of more than 200 servers online, in order to ensure security, Hotbit team will completely rebuild all servers.â
While insisting that all customersâ assets are âsafe and secure,â the exchange announced:
Hotbit team has shut down all services for inspection and restoration immediately.
Regarding the recovery period, the exchange expects it to take about 7-14 days, emphasizing that it âis expected to be no less than 7 days.â Furthermore, âThe estimated time of recovery will be more as all things going on.â
Following the hack announcement, crypto transfers were spotted from Hotbitâs addresses. The exchange claims that the transfers resulted from them âcreating new cold wallet.â
The exchange explained that the attacker deleted the user database after failing to obtain assets. It also warned that âThe attacker has already gained access to the database,â so usersâ âregistered phone number, email address and asset dataâ may have been leaked.
While stating that the database is backed up, the company says, âwe are still uncertain whether the attacker has polluted data or not before the attack,â justifying the need for âa comprehensive inspection.â
What do you think about this Hotbit hack? Let us know in the comments section below.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.