Bitrue, a cryptocurrency exchange, has announced that it has detected a brief exploit in one of its hot wallets at 07:18 (UTC) on April 14, 2023.
However, the company was able to address the issue promptly and prevented the further exploitation of funds.
The exchange is currently investigating the incident and takes it seriously. In 2019, Bitrue also was hacked for 4 million USD.
The attackers managed to withdraw assets worth approximately $23 million USD in ETH, QNT, GALA, SHIB, HOT, and MATIC.
It is worth noting that the affected hot wallet contained less than 5% of Bitrue’s overall funds, and the rest of the wallets remain secure and have not been compromised.
The exchange said it will suspend all withdrawals temporarily to conduct additional security checks, and withdrawals are expected to resume on April 18, 2023.
The exchange explained that they will compensate all identified users affected by this incident in full.
Bitrue assures its customers that it is committed to maintaining transparency throughout the process and thanks them for their continued support. Users can refer to the company’s official website for more information.
The attackers were able to withdraw assets worth approximately $23 million USD in ETH, QNT, GALA, SHIB, HOT, and MATIC. These cryptocurrencies were the ones affected by the Bitrue hot wallet exploit.
No, the exploit was limited to the hot wallet, which contained less than 5% of Bitrue’s overall funds. The rest of Bitrue’s wallets remain secure and have not been compromised.
Bitrue is taking the matter seriously and investigating the incident. The exchange has suspended all withdrawals temporarily to conduct additional security checks, and withdrawals are expected to resume on April 18, 2023. The exchange will compensate all identified users affected by this incident in full.
Users who were affected by the exploit should contact Bitrue support for assistance. The exchange will compensate all identified users affected by this incident in full.
Bitrue assures its customers that the rest of its wallets remain secure and have not been compromised. The exchange is conducting a thorough security review to prevent such incidents in the future. It is up to users to decide whether they want to continue trading on Bitrue or not.