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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Bitcurex Issues-Up Statement Hack Attempt That Halted Trading

newsbtc
newsbtc
Last Updated: October 7, 2020 11:39 am
1 min read
Bitcurex Issues Follow-Up Statement on Hack Attempt That Halted Trading.

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This morning, it was noted that trading at Polish bitcoin exchange Bitcurex had halted trading temporarily due to issues. At the time it was immediately unclear that the cause of the downtime was related to a hack.

In a follow-up statement, the company says they “successfully blocked a hacking attack,” adding that “Thanks to automatic safety procedures, hackers manages to defraud only a portion of the funds stored in operational Hot Wallet Bitcurex.”

“The majority of funds from Hot Wallet, as well the entirety of funds from Cold Wallet and FIAT monetary funds remained intact,” they added.

A specific number as to how much was lost was not provided. When newsBTC inquired, a spokesperson to us: “At this point I can tell you that it’s manageable – it was only a part of our Hot Wallet.”

The spokesperson reiterated that future statements will bring additional information on this front.

Bitcurex notes that they have “located and removed the source of the problem,” but can’t specify when trading will resume. An external audit is being conducted at the present time, we’re told.

We will update you accordingly on the situation as more information becomes available.

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