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Eterbase’s hack: $5 million from ‘hot’ wallets lost



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European cryptocurrency exchange ETERBASE announced in a tweet today that the exchange had been hacked and its hot wallets were compromised, which has lead to the loss of several cryptocurrencies. The crypto exchange said that it has contacted all other centralized exchanges that might be receiving these illicit funds stolen during the hack and were working with law enforcement to investigate the hack.

According to an additional tweet, ETERBASE said that it had reported the matter to authorities and that they were cooperating closely in the investigation. They further assured their users that they had taken all the necessary steps to ensure that the amount of their deposit would not suffer any damage as a result of a hacker attack.

Additionally, ETERBASE said in another tweet that six of its addresses, tied to bitcoin (BTC), ether (ETH)/ ERC-20 tokens, XRP, Tron (TRX), Tezos (XTZ), and Algorand (ALGO), were compromised because of the hack.

The exchange did not reveal the amount lost during the hack, however, another report said that the hack resulted in the loss of $5 million worth of cryptocurrency from the exchange. Meanwhile, ETERBASE exchange which is one of Europe’s regulation-compliant crypto exchanges has said that it was under maintenance. So far, law enforcement has not named any group responsible for the hack. 

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Alisha is a full-time journalist at AMBCrypto. Her interests lie in blockchain technology, crypto-crimes, and market developments in Africa and the United States