Crypto Exchange Eterbase Falls Victim To A Hack Of Its Hot Wallets
Crypto Exchange Eterbase Falls Victim To A Hack Of Its Hot Wallets
September 10, 2020
Crypto Exchange Eterbase Falls Victim To A Hack Of Its Hot Wallets
Crypto Exchange Eterbase Falls Victim To A Hack Of Its Hot Wallets
September 10, 2020

Eterbase, a cryptocurrency exchange, recently fell victim to a hack of its hot wallets, as issued by the Slovak Republic-based exchange, hackers extracted approximately $5.4 million from the exchange’s accounts on August 8.

It has been reported that Eterbase assured users that law enforcement had already been informed about the incident.

However, the company also said that they have contacted all major exchanges that may receive these coins at some point, likely in the hope of recovering some of the missing funds.

The exchange did not specifically disclose which firms had been contacted, nor how the attack was accomplished due to “ongoing investigations” regarding the hack.

Eterbase stated that they have “enough capital” to meet all of their obligations with users. 

The exchange added:

“We want to assure our clients that we are taking all necessary steps to ensure that the amount of their deposit does not suffer any damage as a result of a hacker attack.”

Thus, according to the report, Eterbase is performing internal maintenance, although the website is online and all services appear to be working.

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Source: Cointelegraph | Image: Reuters


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.