Cryptocurrency exchange Cashaa says it has lost 336 bitcoin (worth around $3.1 million) to hackers.The London-based platform has now ceased all crypto-related
transactions, including withdrawals and deposits, as investigations into
the breach get underway.
In a tweet on July 11, Cashaa claimed that the hacker attacked one of its Blockchain.com wallets, which is used to store bitcoin (BTC) and make transfers from the exchange.
The
attacker is believed to have implanted malware into one of the
exchange’s computers. And as an employee accessed the machine the
afternoon of July 10 to make two distinct transfers, the hacker pounced,
making off with 336 BTC,
valued at more than $3.1 million at current market prices. All this
happened in a matter of minutes, between 1:23 pm and 1:26 pm.
“We
are still investigating the damage caused by the incident and suspend
all the withdrawals for 24 hours,” Cashaa chief executive officer Kumar
Gaurav was quoted as saying by industry media.
“We have called the board meeting to decide whether the company will bear all the losses,” he added.
The
funds were allegedly sent to the bitcoin address:
14RYUUaMW1shoxCav4znEh64xnTtL3a2Ek, said the exchange. There’s some
evidence that suggests coin mixture software is being used to transfer
the money and limit traceability
Cashaa suspects the hacker is
from east Delhi, India, and has subsequently made a report with the
Delhi police cyber crime department.
The company, which also
provides financial services to crypto businesses, stated that it had
reported the hacker address to “all crypto exchanges” as part of efforts
to prevent the alleged thief from using the money.
“All top
exchanges and our partners have joined together to give out a strong
message to hackers that cashing out hacked #bitcoin is not going to be
easy. Thanks to @NischalShetty @CoinDCX @bitbns @binance @WazirXIndia
for the quick action,” Cashaa said in the tweet.
Kumar Gaurav, the Cashaa CEO, appeared to blame exchanges that allow trade of stolen funds.
“Everyone
working in the crypto industry has to work very hard to bring the same
level of security which currently an average person has when dealing
with a bank account,” he charged, without mentioning any specific
platform.
“As of today, hackers are very confident to hack crypto
addresses and move it through exchanges that are facilitating such
laundering through their systems. Exchanges like these must be shut down
and owners of these exchanges should be charged with money laundering
facilitation crime,” Gaurav moaned.
source link : https://news.bitcoin.com/crypto-exchange-cashaa-loses-336-bitcoin-worth-3-million-to-hackers/
