Bitrue Exchange Hacked for 200 Billion SHIB, Millions of QNT, GALA, MATIC: Details

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Yuri Molchan

One of Bitrue’s hot wallets has been exploited, almost 200 billion SHIB and other tokens drained from it, withdrawals halted

Contents

  • Further exploit of funds prevented, but billions of cryptos lost
  • Hackers begin selling

Bitrue exchange has shared that one of its hot wallets has been hacked, and an enormous amount of Shiba Inu, as well as Polygon and other cryptos, have been drained from it. The hacker has already begun selling the stolen crypto.

Further exploit of funds prevented, but billions of cryptos lost

According to a Twitter thread of Bitrue, earlier today, an unknown individual or a group exploited one of the hot wallets of the exchange. The attackers managed to get away with crypto worth roughly $23 million.

That list includes, according to PeckShieldAlert, 22.5 billion Shiba Inu, 320 ETH, 173,000 QNT, 46.4 million GALA, 756.15 million HOT and 310,000 MATIC.

Bitrue stressed that the hacked wallet held only 5% of the overall amount of crypto stored by the exchange. The rest of its wallets were not compromised.

Due to the situation, withdrawals have been suspended by Bitrue, and it will resume operations on April 18. The tweet promises that all affected customers who are identified will receive full compensation for their losses.

Hackers begin selling

PeckShieldAlert has reported that the aforementioned amounts of SHIB, GALA, QNT and MATIC were sold for approximately 8,540 ETH, pushing the price of QNT down 11% within three hours of that sale.

The overall amount of Shiba Inu stolen from Bitrue equals 172.55 billion.

Source: https://u.today/bitrue-exchange-hacked-for-200-billion-shib-millions-of-qnt-gala-matic-details