Chinese Crypto Exchange Paralyzed After Suffering Serious Cyber Attack

Chinese Crypto Exchange Paralyzed After Suffering Serious Cyber Attack


Hotbit is temporarily shutting down following a cyber attack that paralyzed a number of its central services. 

In a statement, the Chinese crypto exchange reveals that it suffered a security breach at about 8 PM UTC (1 PM PST) on Friday. The hackers also attempted to hack into Hotbit’s wallets, but the attack was identified and stopped by the platform’s risk control system. 

Hotbit says it is suspending all its services to conduct an investigation. It is also completely rebuilding its entire suite of servers to ensure heightened security. 

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While Hotbit backs up all data, they are unsure of the extent of the damages caused by the attack.

“The attacker maliciously deleted the user database after failing to obtain assets. Although the database is routinely backed up, we are still uncertain whether the attacker has polluted data or not before the attack. Therefore, we also need to conduct a comprehensive inspection of the overall data. Once any anomaly

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