Slovakia based cryptocurrency exchange Eterbase fell victim to a hacking attack according to their own Twitter account. Cryptocurrencies worth an approximate $5 Million were allegedly stolen from the hot wallets.
Dear users, the exchange is currently in maintenance mode because our hot wallets were compromised last night:https://t.co/XWZZoWxLd0— ETERBASE (@ETERBASE) September 8, 2020
Sorry for the inconvenience and please have some patience untill we solve the issue.
In another tweet, Eterbase announced that they’re closely cooperating with law enforcement forces to solve the case. The exchange further promised to do everything in its power to make sure the customer’s funds aren’t affected by the security breach.
Eterbase announced over Twitter that six of its addresses where affecte by the hack. The addresses are tied to Bitcoin (BTC), Ethereum (ETH/ERC-20 tokens), XRP, Tron (TRX), Tezos (XTZ) and Algorand (ALGO).
The $5 Million number doesn’t come from Eterbase’s Twitter account itself, but from the research of online news site The Block, which inspected the addresses on their blockchains.
The crypto exchange is currently in maintenance mode following the incident. Eterbase contacted other exchanges to make sure the hackers can’t simply move their stolen crypto and trade it elsewhere.
Eterbase advertises itself as being the first crypto exchange fully compliant with European regulations. The exchange went online on the 31st of May 2019 and has existed for a bit over a year. According to CoinMarketCap. the exchange boasts a daily trading volume of $2 Million.
It is unclear if Eterbase will be able to reclaim its users funds, or if it’s insured. It would remain to be seen if the exchange can survive this should this not be the case.