WEB3

Remitano Exchange Reportedly Hacked for $2.7 Million

by BSCN

September 15, 2023

Tether has frozen two addresses that the attacker allegedly used on both the Ethereum and TRON networks, potentially saving $2.7 Million $USDT.

According to a post from Peckshield, a leading blockchain security platform, Remitano Exchange appears to have fallen victim to a significant exploit. The incident occurred on September 15, when more than $2.7 million was drained from the exchange's Tron and Ethereum wallets.

Peckshield cited suspicious activities in Remitano's transactions as the red flag that alerted them to the hack. In a move to save $2.7 Million $USDT, Tether has frozen two addresses that the attacker allegedly used on both the Ethereum and TRON networks.

However, the hacker on Ethereum managed to convert stolen USD Coin ($USDC) and Ankr ($Ankr) into approximately 163 Ethereum ($ETH), worth around $264,000. These funds were then transferred to another exchange, HitBTC.

The incident highlights the need for enhanced security measures within the cryptocurrency exchange landscape to safeguard users' assets.

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article