European Crypto Exchange Hacked For $5.4 Million In Bitcoin

Eterbase, a Slovak cryptocurrency exchange, announced Thursday that $5.4 million was hacked. Cyber-criminals broke into six hot wallets containing bitcoin , ethereum, algo, ripple, tezos, and tron, all stealing, it said.

Hot wallets are active Internet-connected, digital asset accounts. Eterbase used these wallets on its website to promote the regular trading activities. But hot wallets tend to be vulnerable to hacks because they are connected to the internet.

“Law enforcement authorities have been informed and we will assist as much as we can in the ongoing investigations,” said Eterbase, in a short statement. The exchange sought to reassure fretful investors, stating, “we have enough capital to meet all our obligations.”

Eterbase has now halted all deposits and withdrawals, including any trading, until Sept.10, following the incident. The exchange said it will restart operations once it has completed an audit of its security systems.

Allegedly a large part of the stolen money ended up at Binance, Huobi Global and Hitbtc, it said on Twitter. Eterbase has now contacted those exchanges, asking to frozen the assets.

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