Hackers drained $23 million from a wallet belonging to Singapore-based crypto exchange Bitrue earlier today, it said in a tweet.
Bitrue did not specify how the attack took place.
“We have identified a brief exploit in one of our hot wallets on 07:18 (UTC), 14 April 2023. We were able to address this matter quickly and prevented the further exploit of funds,” Bitrue said, adding the team was investigating the situation.
“The attackers were able to withdraw assets worth approximately 23 million USD in the following currencies: ETH, QNT, GALA, SHIB, HOT, and MATIC,” the exchange added.
Bitrue said the affected wallet contained less than 5% of overall reserves and the remaining wallet was not compromised.
The exchange has temporarily suspended all withdrawals. It expects to reopen withdrawals on April 18. “All identified users who are affected by this incident will be compensated in full,” the post ended.
Recommended for you:
- Mango Markets Exploiter Must Stay Detained Pending Trial, Court Rules
- Chainlink Unveils Crypto ‘Keepers’ and Anti-Fraud Blockchain Bridges
- NFTs Are Now Collateral for Secured Loans. Are You Legally Protected?
- Join the Most Important Conversation in Crypto and Web3 in Austin, Texas April 26-28
Bitrue trades an average of over $1 billion a day, data from CoinGecko shows, with bitcoin and ether among the most-traded token pairs.
Bitrue coin was down nominally in the past 24 hours.
