.BitrueOfficial said the affected hot wallet contained less than 5% of overall reserves, and the remaining wallet was not compromised. By shauryamalwa.
Hackers drained $23 million from a wallet belonging to Singapore-based crypto exchange Bitrue earlier today, it said in a tweet.“We have identified a brief exploit in one of our hot wallets on 07:18 , 14 April 2023. We were able to address this matter quickly and prevented the further exploit of funds,”“The attackers were able to withdraw assets worth approximately 23 million USD in the following currencies: ETH, QNT, GALA, SHIB, HOT, and MATIC,” the exchange added.
Bitrue said the affected wallet contained less than 5% of overall reserves and the remaining wallet was not compromised. The exchange has temporarily suspended all withdrawals. It expects to reopen withdrawals on April 18. “All identified users who are affected by this incident will be compensated in full,” the post ended.
Bitrue trades an average of over $1 billion a day, data from CoinGecko shows, with bitcoin and ether among the most-traded token pairs.
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