Bilaxy exchange suspends website after ERC-20 hot wallet hack
Bilaxy cryptocurrency exchange is yet to announce the value of funds lost to a hacking incident that occurred on Aug 28. Bilaxy, a lesser-known cryptocurrency exchange, has confirmed a major hacking incident, reporting losses of funds due to an exploit of the platform’s ERC-20 hot wallet.Bilaxy announced on its Telegram channel that the crypto exchange suffered a “serious hack” on Aug. 28 between 6 p.m. and 7 p.m. UTC, resulting in the transfer of 295 different ERC-20 tokens.According to the exchange, the affected tokens were transferred by the hacker to a single address. At the time of....
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A less prominent cryptocurrency exchange, Bilaxy, confirms a major hacking incident on its platform. In addition, the exchange reports some fund losses from the attack on its platform’s ERC-20 hot wallet. An announcement on its Telegram channel disclosed that the exchange was hacked on August 28. The attack occurred between 6 p.m. and 7 p.m. […]
Digital currency exchange BTER announced that it has lost 7,170 bitcoins, or roughly $1.75 million at press time, in an apparent hack on its cold wallet system. In a statement posted to the China-based exchange's website, the company said that it had shut down its platform in the wake of the attack and that withdrawals for user balances "will be arranged later". A separate post on Chinese social media platform Weibo from BTER claimed that it was working with law enforcement officials on the matter. Initially, BTER had posted on its website that a "security check" was underway and that the....
PRESS RELEASE. (Puerto Rico, USA – May 6, 2021) To celebrate its numerous recent successes, one of the world’s foremost decentralized social networks, Pocketnet.app, has launched a trading contest on its newest exchange, Bilaxy.com. Competition ends on May 13th, the rewards for active PKOIN traders on Bilaxy just doubled to total 20k PKOIN! PKOIN already gained over 960% since its recent start of trading on the Bilaxy exchange. What Is Pocketnet? Decentralized, Blockchain-Based Social Network Pocketnet – think Facebook / Twitter / YouTube minus the censorship, all built....
Following the temporary closure of trading and the subsequent downtime of the website in its entirety, bitcoin and digital currency exchange ShapeShift has now revealed that the instigating hack stemmed from an insider who previously worked with the exchange. In a new Reddit post that followed a steady, transparent cycle of updates from the time of the initial hack, CEO Eric Voorhees revealed details of the exchange’s investigation. The exchange had suspected that the hack was an insider’s job, a former employee who isn’t with the exchange anymore. The chief executive revealed: Since the....
7,170 bitcoins ($1,756,125 at press time) were stolen from the China-based crypto-currency exchange, BTER, when the company’s cold wallet was hacked earlier today. The exchange has since frozen their entire website, while their technical team work to find out what happened. Besides bitcoin, the exchange also facilitated the trade of a basket of altcoins but has not revealed whether their altcoin wallets were affected by the hack. In a post on the Chinese microblogging website, Weibo, the exchange said they will allow the withdrawal of fiat and altcoins soon but did not give a specific time.