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Bitcoin Exchange EXMO Loses $10.5M Worth of Tokens to Hackers, Halts Withdrawals
Last Updated: 22 December 2020
The cryptocurrency rally has drawn a great deal of attention to the market, with just about everyone looking to get their hands on digital assets. Sadly, this has also sparked renewed enthusiasm from hackers and unscrupulous actors.
Hot Wallets Drained
Top cryptocurrency exchange Exmo announced that it had suffered a security breach. In a security update, the exchange explained that it had noticed a flurry of suspicious withdrawals, with someone moving a large chunk of Bitcoin from its hot wallets.
The exchange added that the hackers had moved large amounts of XRP, ZCash, Ethereum Classic, and Tether as well. While it explained that the funds in its hot wallets comprise just five percent of all its total assets, it immediately shut down withdrawals. ....

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