Cryptocurrency Exchange Eterbase Loses $5.4 Million to Hackers Overnight
2020-09-12 • Bitdefender •
Hackers compromised Slovakian cryptocurrency exchange Eterbase and stole about $5.4 million from six internet-connected hot wallets holding Bitcoin, Ethereum, XRP, Tezos, Algorand, and TRON. Eterbase tracked the stolen funds toward other cryptocurrency exchanges, including Binance, Huobi, and HitBTC, and contacted those platforms for assistance. The company published affected wallet addresses, opened an investigation, notified law enforcement, and said it had sufficient capital to cover customer obligations. The incident illustrates the exposure of internet-connected hot wallets and the operational importance of rapid exchange cooperation when stolen crypto is moved across platforms.