European Crypto Exchange Hacked for $5.4 Million in Bitcoin

European Crypto Exchange Hacked for $5.4 Million in Bitcoin


Eterbase, a Slovak cryptocurrency exchange, revealed Thursday that it had been hacked for $5.4 million. Cyber-criminals broke into six hot wallets containing bitcoin, ethereum, algo, ripple, tezos, and tron, stealing everything, it said.

Hot wallets are active digital asset accounts connected to the internet. Eterbase used these wallets to facilitate day-to-day trading activities on its platform. However, hot wallets tend to be susceptible to hacks on account of their being connected to the internet.

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“Law enforcement authorities have been informed and we will assist as much as we can in the ongoing investigations,” said Eterbase, in a short statement. The exchange sought to reassure fretful investors, stating, “we have enough capital to meet all our obligations.”

Following the breach, Eterbase has now suspended all deposits and withdrawals, including any trading, until Sept.10. The exchange said it will resume operations once an audit of its security systems has been completed.

According to a

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