Lykke crypto exchange acknowledges hack after halting withdrawals

Lykke crypto exchange acknowledges hack after halting withdrawals

The Lykke team acknowledged that they halted withdrawals after an attack drained $22 million in crypto from its wallets on June 4.

Lykke cryptocurrency exchange has halted withdrawals after suffering an exploit on June 4, according to a June 10 social media announcement. The exchange claimed that users’ funds “are safe and will be recovered.”

According to the post, both Lykke UK and Lykke Corp AG were affected by the attack.

In another post in the same thread, the exchange stated that withdrawals have been paused “as a preventative measure.”

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Source: https://cointelegraph.com/news/lykke-crypto-exchange-acknowledges-hack-halting-withdrawals