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Hackers steal in Bitrue cryptocurrency exchange

Singapore's cryptocurrency exchange Bitrue has been hacked, and the perpetrators have been earning approximately $ 4.2 million in XRP and ADA cryptocoins.

The incident

It happened at 1 am GMT + 8 on June 27, and the hacker exploded a vulnerability in the ?Second review process of the company's Risk Control team to access the personal funds of some 90 Bitrue users?, The company said on Twitter.


He stole 9.3 million XRP and 2.5 million ADA coins in total, moving it to other exchanges. Bitrue says the attack was detected quickly and that the situation is now "under control."

The company aims to return 100 percent of lost funds to users, and is reviewing its security measures and policies to avoid such incidents in the future.

Bitrue is currently conducting an emergency inspection of the exchange, and expects to log back in and operate the functionality "as soon as possible". Withdrawals will not be available for a "A little longer period", The company said.

Security incidents

In cryptocurrency exchanges they are not uncommon. Last month, one of the world's largest cryptocurrency exchanges, Binance, was hacked for a sum of $ 40 million.

The attack

It is produced in the middle of a strong bull run for Bitcoin and other cryptocurrencies, with the total market capital of all currencies rather than doubling in three months; It is currently maintained at 345 billion dollars according to CoinMarketCap.

However, the price increase halted dry on Wednesday night, with the price of Bitcoin falling by more than $ 1,500 in a matter of hours, after a break in the popular Coinbase crypto exchange.

Bitcoin price

It is currently 12,176 dollars, a decrease of 3.14 percent in the last 24 hours. As for XRP and ADA, their prices fell 9.6 percent and 7.68 percent in 24 hours, respectively.