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Cryptocurrency

Hotbit crypto exchange shuts down for maintenance after attempted hack

April 30, 2021. Summarized by summa-bot.

Compression ratio: 45.4%. 1 min read.

Hotbit crypto exchange has announced emergency maintenance after an attempted hack, but says all user funds are safe.

Cryptocurrency exchange platform Hotbit has shut down all of its services after an attempted cyberattack on Thursday.

The hackers were reportedly unsuccessful in gaining access to Hotbit’s wallets but did manage to compromise the platform’s user database.

Also, the exchange promised to bear any losses stemming from exchange-traded funds listed on its platform during the duration of the maintenance.

Addressing users on the exchange’s Telegram group, Alex Zhou, chief security officer of Hotbit, revealed that user funds were unaffected by the attack, stating: “The attacker tried to break into the wallet server to steal funds but the action was identified and blocked successfully by Hotbit risk control system.

“At the same time, Hotbit is in the process of transferring all funds in hot wallet to cold wallet, the details of the whole integration could be seen on the chain,” he said.

However, the length of time given for the maintenance is causing significant unrest among Hotbit users judging by comments on social media and in the platform’s Telegram channel.

by summa-bot

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