Cryptocurrency exchange Bitrue was hit by a hot wallet flaw, allowing attackers to withdraw approximately $23 million in crypto assets.
Following additional security measures, the company aims to reopen withdrawals on 18 April.
The exchange officials also announced reimbursement for all identifiable users who were affected by the incident. Bitrue, which was founded in Singapore in 2018, is a significant centralized cryptocurrency exchange that trades about $2 billion in crypto each day on average.Over the last few years, hackers have shifted away from traditional centralized exchanges towards decentralized finance exchanges., crypto exchange hacks accounted for just 3% of all crypto stolen in Q1 2022. At the same time, DeFi protocols were responsible for 97% of the stolen assets.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
![Solana [SOL] clears the $23 hurdle- Is a retest of $26 likely?](https://i.headtopics.com/images/2023/4/14/cryptoamb/solana-sol-clears-the-23-hurdle-is-a-retest-of-26--solana-sol-clears-the-23-hurdle-is-a-retest-of-26--1646642669840482306.webp?w=640)
Solana [SOL] clears the $23 hurdle- Is a retest of $26 likely?After a recent breakout, Solana [SOL] aims at the $26 supply zone. Although a restest of $26 will help SOL recover February losses, any sharp retracement could affect its long-term price action.
Read more »
ETC tests $23 resistance yet again- will the outcome be different this timeEthereum Classic has posted gains of more than 12% since Monday. The high trading volume in recent days with ETC beneath the $21 resistance showcased bullish intent.
Read more »
Current crackdown on crypto by regulators is just the beginning: LawyerJesse Hynes, who leads web3 crowdfunding platform Seedstarter, took to Twitter on 12 April to share his take on the current regulatory landscape. The pro-crypto lawyer believes that the current crackdown on crypto is just the beginning of what regulators have in mind. Hynes stated that the worst is yet to come and when it does, it will ultimately be what’s best for investors.
Read more »
Crypto investors face delays in withdrawing funds after Ethereum upgradeMajor software changes causes further problems
Read more »
Twitter to offer trading in crypto, stocks, but here’s an interesting factTwitter has teamed up with an online brokerage firm to offer more than 350 million of its users crypto and stock trading services. The new Twitter cashtags will offer users a wider variety of instruments and asset classes, and the
Read more »
Zambia’s crypto regulation tests to be wrapped by June: ReutersAt the onset of the COVID-19 pandemic in 2020, Zambia was the first African country to default. In a separate report, the country's treasury secretary Felix Nkulukusa stated that if the debt restructuring is delayed further, the country may lose the benefits of its macroeconomic reforms.
Read more »