A day after hacking a Singapore crypto currency exchange Bitrue restored work. We will remind, hackers have stolen from the hot wallet of the exchange 9.3 million tokens, XRP and 2.5 million ADA. Affected users of the exchange will be able to receive compensation.
Initially the problem was presented as a “system overload”, but in the end these 15-18 hours were for employees of the exchange a real nightmare. As stated in the official statement, “June 27 in the morning, the hacker used the vulnerability during the second audit group risk management”. This allowed him to access personal funds about 90 users.
See also: Binance hacked, the hackers stole bitcoins at $ 41 million. What’s next?
At that time in the hands of the attacker was 9.3 million XRP and 2.5 million tokens, ADA. It should be noted, he immediately moved the tokens to the accounts of kryptomere Global Huobi, Bittrex, and ChangeNOW Binance urgently froze them after notification. Following this, representatives of the exchange published a new appeal to users.
We are pleased to announce that the login and trading is available again. In addition, the balance of all affected accounts will be restored in accordance with the insurance policy Bitrue. A big thank you to everyone who supported us.
In the end, a relatively small stock exchange managed to restore the reputation through timely information and constant control over the situation. In addition, not without the help of some other exchanges.
After hacking Bitrue CEO Binance Chanpen Zhao has announced the development of a new “system of fraud”, which will be launched in the near future.
This has some further implications:
1. Smaller exchanges will be able to use big data from @Binance, making the industry #safu-er as a whole.
2. Victims need to come clean and report hacks ASAP, improving transparency.
3. Decentralized, but united.
— CZ Binance (@cz_binance) June 28, 2019
It will be available for all. Victims will need to quickly report a break-in, then the funds will be blocked. As a result, the hackers will be left with nothing, and the meaning of fraud will disappear.
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