Blockchain researcher SomaXBT claimed that Lykke had been hacked, and this was later acknowledged by the exchange itself.
The Lykke team acknowledged that they halted withdrawals after an attack drained $22 million in crypto from its wallets on June 4.
Lykke cryptocurrency exchange has halted withdrawals after suffering an exploit on June 4, according to a June 10 social media announcement. The exchange claimed that users’ funds “are safe and will be recovered.”Lykke is a centralized cryptocurrency exchange launched in 2015 and based in Switzerland. On its website, it advertises itself as a “no fee crypto exchange” and claims to have evolved from a “prominent forex broker.”the attack on June 9.
The exchange also claimed that it has discovered the IP addresses of the attacker, which it will use for a criminal investigation, and that a cybersecurity team has been hired to work on “blocking and recovering the stolen assets.” more than $22 million was lost in the attack, according to the team’s estimates.
Blockchain researchers continue to discover unacknowledged exploits against centralized exchanges. On April 19, on-chain sleuth ZachXBT announced that Rain exchange had beenfor $14.1 million. Rain later acknowledged the attack, stating that no customer funds had been lost, as it had “plugged the hole immediately from its own reserves.
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