It is not just private investors who are repeatedly victims of hackers and fraudsters. Bitcoin exchanges are also not always protected against dangerous attacks. This time it hit the Cashaa exchange. After a successful attack by an unknown person, the exchange loses a total of 336 bitcoins (BTC) that were withdrawn from one of the wallets.
Cashaa is a licensed crypto exchange from the UK. Among other things, it offers trading in the world's largest cryptocurrency Bitcoin (BTC). As the exchange has now announced in a tweet, a total of 336 pieces of the digital asset are missing. According to the company, these were stolen by a hacker, as the team reports on Twitter:
One of our wallets with https://t.co/kOkoOMdrEm was compromised and funds were transferred to 14RYUUaMW1shoxCav4znEh64xnTtL3a2Ek #Cashaaexchangeissafe #Cashaafightsfraud @coincrunchin
- Cashaa (@yourCashaa) July 11th, 2020
According to the tweet, a Blockchain.com wallet is affected by Cashaa. This means that the exchange was not hacked directly, but the attacker was able to gain access to one of the external wallets on the exchange.
Cashaa believes that the hacker could infect one of the company's computers with malicious software and thereby have access to the Blockchain.com wallet. This allowed him to steal more than $ 3 million USD worth of bitcoins.
It is difficult to take legal action against such hackers. One way to prevent the attacker from accessing the stolen bitcoins is to work with other crypto exchanges. Therefore, Cashaa informed crypto exchanges like Binance or WazirX with the attacker's Bitcoin address to make it difficult for them to pay out.
The authorities of the Indian capital Delhi were also informed. The exchange suspects that the attacker is there.
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. https://t.co/ZeXcv0esEW
- Cashaa (@yourCashaa) July 11th, 2020
There is legitimate criticism from the community that the exchange keeps the bitcoins on a web wallet like that of Blockchain.com. The Twitter user @prayankgahlot comments on the incident:
Any exchange that uses a Blockchain.com wallet deserves to fail.
Any Exchange using blockchain.info wallet deserves to get RECT https://t.co/wF77t7hXas
- Prayank (@prayankgahlot) July 11th, 2020
Markus from Kryptokumpel.de
Photo credit: pixabay.com | CC0
The crypto market and the price developments of many crypto currencies have been significantly more exciting in the last few weeks than in the months before. The reason for this are [...]
Yesterday, many investors around the world were eagerly awaiting the latest news from the US Federal Reserve. Unsurprisingly, the FED chief Jerome Powell announced that one [...]
While Bitcoin (BTC) has established itself as one of the most popular alternative investments, there are other investment options in connection with the cryptocurrency. [...]
Last night, around 21:00 p.m. Central European Time, something happened that many probably thought was impossible. The Twitter accounts of crypto exchanges such as Coinbase, [...]
